On January 20, 2025, the market was at 43,487.83. It’s currently at 42,066. And so if I read your statement correctly, you were profusely thanking Biden for leaving Trump with such a booming economy. Hopefully, Trump has seen enough to know his Whiplash Diplomacy doesn’t work, and he’ll let businesses go about making money for their shareholders with no further involvement.
Trump has fixed the broken Biden economy and all is well as evident that it is not too much worse than it was in January if you ignore all the declining trends and falling leading indicators. Um ok.
Carville had good quotes on trump’s motivation for tariffs….. “he figures, ‘I don’t have to get approval from Congress, I don’t need to bring it to the Cabinet, I can just do this,'” Carville replied. “And so the idea that he can just do something on his own unilaterally has great appeal to him.” He loves having foreign people call and say, ‘Hey can you exempt … Finnish steel from these tariffs?’” the strategist said. “It’s all just a play. There’s no policy behind it.” Carville on Trump tariffs: ‘It’s just his ego playing itself out in public’
When the OP was set up, the driver for the sudden 1.5+% spike in futures was the court ruling. IMO discussion of what caused that spike is reasonable. the WSJ also thought the court ruling was instrumental in the spike. This was late morning… and their current comments…. “Wall Street is taking the latest tariff news with a grain of salt. Investor enthusiasm about the latest trade developments faded after an initial burst of optimism late Wednesday when a federal trade court struck down President Trump's most sweeping tariffs. Economists had struck a cautious note, saying the administration could prevail on appeal. They also noted the ruling doesn't cover all of Trump's tariffs, including current or planned duties on products such as steel, aluminum, and chips. Analysts speculated the administration could deploy alternative legal measures.” https://www.wsj.com/livecoverage/st...-2025?st=jZizNN&reflink=article_copyURL_share
Here man, I labeled this helpful deficit spending chart so that you'll have no excuse for speaking out ignorance in the future. Yes, I know this post is "optimistic"...
All about having his plume fluffed up. Being in charge is his biggest high. Same for pardons. Anything he can use to get his feathers fluffed
Do we really think there are no tariff connections to his meme crypto coin and those investing in it?
Not at all. Biden pretty much did nothing and benefited from the circumstances if one wants to give him credit for anything. He was MIA as a leader and the world finally realized how stupid we were in 2020/2021... There is a reason Harris got smoked in the election. Biden/Harris were the reason. Well I could also say reality but that will just set off a bunch on here. But if Trump had won in 2020...the markets would have been in almost the exact same spots.
Why? All the decision did was create uncertainty. Hence the reaction. The futures jumped to over 6000 at one point. Then we close today at 5912 as it backed off. To me the uncertainty easily could have reacted differently.
I 100% think the ruling was the reason for the spike. But I also think you are gambling to be playing on it... A lot of people made money and a lot of people lost money in that short period!
Imagine having to argue that a court decision was the cause of uncertainty and not the tariffs radically changing via tweet three times a week.
The futures jumped because Trump’s harm was mitigated, not because uncertainty was injected. The markets pulled back some because that’s what happens when there is exuberance and the early movers sell to lock in gains. This is pretty basic market dynamics which do not support your narrative of “uncertainty”. I know you trade so I find your position completely baffling here.
Exactly. If Trump's tariff policy wasn't so harmful then the ruling would have had the opposite affect today. Absolutely baffling some can't admit this.
Tariff Ruling Is Put On Hold While Trump Administration Appeals — The Wall Street Journal Another win for President Trump.
He lost on the merits in the US Court of International Trade and appealed. As a procedural matter the Court of Appeals stayed the matter while it considered the merits. Great “win.”
Also even if hypothetically it was ruled on its merits, the “win” would empower President’s with the ability to impose arbitrary and economically ruinous tariffs. Stable genius level stuff.
