It's Tariff Tuesday. How is your portfolio doing?

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nycfan said:

Trump Takes the Dumbest Tariff Plunge​

He says the 25% levies on Mexico and Canada will begin Tuesday. Stocks fall.​

www.wsj.com

Opinion | Trump Takes the Dumbest Tariff Plunge

He says the 25% levies on Mexico and Canada will begin Tuesday. Stocks fall.
www.wsj.com www.wsj.com

"... President Trump likes to cite the stock market when it’s rising as a sign of his policy success, so what does he think about Monday’s plunge? The Dow Jones Industrial Average took a 650-point header after he announced that he’ll hit Mexico and Canada on Tuesday with 25% tariffs.

...We’ve courted Mr. Trump’s ire by calling the Mexico and Canada levies the “dumbest” in history, and we may have understated the point. Mr. Trump is whacking friends, not adversaries. His taxes will hit every cross-border transaction, and the North American vehicle market is so interconnected that some cars cross a border as many as eight times as they’re assembled.

Mr. Trump also objected when we reported an analysis by the Anderson Economic Group that the 25% tariff will raise the cost of a full-sized SUV assembled in North America by $9,000 and a pickup truck by $8,000. Is this how the new Republican Party plans on helping working-class voters?

Mr. Trump is volatile, and who knows how long he’ll keep the tariffs in place. Retaliation that hits certain states and businesses may also cause him to reconsider sooner than he imagines. Investors are trying to read this uncertainty as they also watch growing evidence of a slowing U.S. economy. Unbridled Tariff Man was always going to be a big economic risk in a second term, and here we are."
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Dear NYC,

I was informed via notification that one of my posts violated the tone it down rule. Not sure which post?

If it was a post calling callatoroy a dumb rube, then ban me now, cuz I simply cannot allow the internet to not be informed.

PS, I think I 🩵 you. I think you are married, but if not, watch out little lady, cuz I'm gonna bring that sweet southern charm your way!!

Until our posting paths cross again...

XOXO,
Your favorite asshole, Shenanigans
 
aGDevil2k said:
No it's because they dont really know what's going on with doge. But when the unemployment starts to shoot up, it will resonate
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Doge has malignant potential. Dumbass can play with tariffs… on and off . Not true with federal projects, agencies, etc. Those have tentacles that are felt in entire communities and industries. Doge is a game of Jenga… courting economic disaster.
 
So todays "idea" is to eliminate govt spending from the GDP
NC Example
Several counties in NC have the Public School system as their number 1 employer . It is their greatest GDP contributor
What else you gonna measure?
 
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The dead cat MAGAt bounce yesterday did not last long. A one month delay for a few U.S. car manufacturers gives them a little more time to prepare, but even 3 months would not be enough to avoid the cluster-F Trump is creating, or avoid the auto sticker shock to consumers very soon once current inventory rolls.
 
Trump just announced another delay in Mexico tariffs. Looks like he will do same for Canada. He just announced reciprical tariffs during speech to Congress, but no details, so those are effectively off the table until he does.

Another case of moron crying wolf. The fact is, every time the market turns negative since the start if his King regime, he has backed off.

In typical fashion, he has claimed victory with many more new concessions by both Mexico and Canada (complete BS) and warns they must do much more before the next deadline.

He is such an idiot and making our entire country look foolish and unhinged.
 
S&P 500 is now a few points below it's 200 day moving average, intraday. If it closes below 5730, Whoa Nellie!
 
CeruleanBlueHeel said:
Trump insiders shorting the market are making a fortune.
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It's tempting to join them but the risk is too great for my appetite because Trump is an agent of chaos. No one outside of his corrupt inner circle knows what he's going to do day to day or even hour to hour.
 
JCTarheel82 said:
It's tempting to join them but the risk is too great for my appetite because Trump is an agent of chaos. No one outside of his corrupt inner circle knows what he's going to do day to day or even hour to hour.
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Trump seems to enjoy turning the financial markets into a game of headline roulette.
 
Kraftyheel89 said:
The dead cat MAGAt bounce yesterday did not last long. A one month delay for a few U.S. car manufacturers gives them a little more time to prepare, but even 3 months would not be enough to avoid the cluster-F Trump is creating, or avoid the auto sticker shock to consumers very soon once current inventory rolls.
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Damn this sucks, my daughter needs a car.
 
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