The Trump rout is taking on historic dimensions.
The Dow Jones Industrial Average shed almost 1,000 points on Monday and is headed for its worst April performance since 1932, according to Dow Jones Market Data. The S&P 500’s performance since Inauguration Day is now the worst for any president up to this point in data going back to 1928, according to Bespoke Investment Group.
Worries about trade restrictions and the prospect of President Trump
firing Federal Reserve Chairman Jerome Powell have investors bracing for greater losses ahead. Corporate earnings reports are rolling in, along with executives’ tariff-dented outlooks for the months ahead. Few think the administration’s negotiations with trade partners will yield results soon enough to ease the strain.
Meanwhile, counterweights that usually strengthen when stocks fall—such as government bonds and the U.S. dollar—are also under pressure, leaving investors with few havens to wait out the storm.
“It’s the hallmark of the ‘no confidence’ trade,” said Scott Ladner, chief investment officer at Horizon Investments. The Charlotte-based firm trimmed its U.S. equity position several weeks ago to favor more international stocks. “It’s impossible to commit capital to an economy that is unstable and unknowable because of policy structure.”
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Because of Trump’s idiocy, we are no longer taking about recession but depression.
As most of us know who are not in the MAGA cult, Trump is stupendously inept and incompetent. The Trump Regime has caused chaos in this nation and around the world. Since Trump’s election our standing around the world has all but disintegrated.
It is time the nation realizes, as the markets increasingly realize, that Trump is an irrational actor.
The warning signs are everywhere. A stock market in free fall and a bond market on the verge of collapse.
Even the WSJ acknowledges this reality.
