Tariffs Catch-All

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Mulberry Heel said:
I'm hardly a financial expert and I'll gladly defer to those who are, but I wonder how long any market recovery will last if Trump decides to continue down this path and not back off? I may well be wrong, but I get the sense that many people are desperately looking for some sign of hope that Trump won't actually go through with this insanity and will back off at some point, or Europe or China or nations we're targeting will back off and give Trump what he wants. If that doesn't materialize (and soon) what will happen then?
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The biggest one day stock market gains (yesterday) often occur during bear markets. It starts with some bottom feeders picking some stocks they like or buying to average down their average share cost if they bought in past year. Then day traders pile in looking for some easy quick money before bailing.

These bear market "mini rallies" usually last about 2 to 4 days. But there is nothing typical about this market. Never has one deranged con man attempted to wreck the world economy. Poof, China calls his one day demand bluff, Trump retaliated with 104% tariffs on China, and the second day of 3.5% gains is gone just like that.

As for the other question, if things continue as they are with no progress or policy change, we will retest the lows in a few days, then double the amount the market is down already in the next month.

4850 is the next resistance level on the S&P. We break through that, and then comes the second wave of pain.
 
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nycfan said:
Knives out for Ron Vara



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Wow, it's getting bad for the cult, first some republican congressman threaten to consider doing their fucking job, now Musk throwing down on Putin's, I mean Trump's financial adviser's fake expert.
 
nycfan said:
Meanwhile, futures suggests strong market opening today as efforts by China to buoy its stock market, measured response by the EU and Trump proclaiming openness to negotiate with individual countries on tariffs seems to be relaxing many investors…
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Worked for 4 hours, then barely kept its head above water for another few hours before inevitably falling.
 
gizmodo.com

China Is Reportedly Considering a Ban on America's Greatest Export: Middling Hollywood Blockbusters

China's response to tariffs could hit Hollywood.
gizmodo.com gizmodo.com


Given that the Trump administration is insisting that a 104% tariff on China will go into effect at midnight tonight, it’s probably safe to assume that China will start digging into its toolkit as it chooses how to respond. The country is also reportedly considering suspending its cooperation on dealing with fentanyl trafficking, ramping up tariffs on US agricultural exports, and launching investigations into the intellectual property of US companies operating in China, according to Bloomberg.
 
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