Yeah. Now look at today. Way up.
How do you expect the market will perform this year?
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rightwinger
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Trump is starting trade wars where none exist
He is adding to inflation
He has destabilized the Western alliance as he sides with Putin
1. Inflation has dropped the past month
2. He’s ending the war. It’s closer than ever to being over
3. No trade wars have materialized
4. Ouch
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The markets are up today because of macroeconomic factors.
Dante
"The Libido for the Ugly"
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Stocks Post Biggest Loss of the Year on Trump’s Tariff Plans
The S&P 500 fell 1.8 percent on Monday after President Trump doubled down on plans to impose 25 percent tariffs on Canada and Mexico starting Tuesday.
The afternoon slump in the markets followed Mr. Trump’s statement at the White House on Monday that he would move forward on Tuesday with broad 25 percent tariffs on the United States’ two biggest trading partners. Mr. Trump has also said he would impose an additional 10 percent tariff on goods from China, on top of the 10 percent that took effect last month.
This was my chart evaluation of the drop seen today.
The ISM Index came in as expected and there was a bit of a recovery rally after the report came out. Nonetheless, it was then announced that the tariffs on Mexico, Canada, and China will go into effect tomorrow and hell broke loose, and the indexes fell strongly, to the point that the DOW was down as much as 900 points, the SPX down 150 points and the NAZ down 600 points. There was a bit of a recovery rally at the end with the DOW recovering 250 points, the SPX recovering 40 points and the NAZ recovering 130 points.
This drop was certainly within the parameters mentioned in the newsletter, so the only difference was the fact that it happened today because of the Trump news.
One important thing to mention is that the NAZ got down close to the 200-day MA at 20211 with a low today at 20279, It will likely get down to that line tomorrow, but it should bounce up from there, meaning that a positive recovery is likely to start tomorrow or Wednesday and then the Jobs report on Friday be a catalyst.
Then again, this chart outlook is not dependable when head-scratching fundamental information is happening. It is evident that the Tariffs are a negative to the market, at least for the short-to-midterm and certainly there is no way that the long-term outlook can be speculated on at this time. Nonetheless, the 200-day MA in the NASDAQ100 has not been broken in over two years and it has been touched on 3 previous occasions successfully. As such, the probabilities favor a bounce. The same is true on the opposite side, meaning that if broken convincingly, selling of consequence will continue.
That is the index to watch
rightwinger
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Investors showing how confident they are in the TRUMP Economy
Add in job losses and rising inflation
Is that what America voted for?
otto105
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Good luck with that wish upon a magic fairy.
On Monday, the Atlanta Fed revised downward its already pessimistic estimate of the US GDP's performance in Q1 2025. Last week, it predicted GDP would shrink by 1.5%. Today they said the number would be -2.8%. God only knows what they'll say next week, especially since on Monday, Trump committed to 25% tariffs on our two largest trading partners, Canada and Mexico.
- Apr 11, 2023
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The next three quarters will be negative.
This assumes Canada and Mehico will resume their current practices, which of course they won't. Dumb people and partisans say they will, and will commit economic suicide. Smart people likeTrump know they won't.Good luck with that wish upon a magic fairy.
On Monday, the Atlanta Fed revised downward its already pessimistic estimate of the US GDP's performance in Q1 2025. Last week, it predicted GDP would shrink by 1.5%. Today they said the number would be -2.8%. God only knows what they'll say next week, especially since on Monday, Trump committed to 25% tariffs on our two largest trading partners, Canada and Mexico.
- Apr 11, 2023
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The market may lose five to seven percent.
I hope not, but that is what I think.
I will see what the winners have been the last two years, watch them carefully, and buy accordingly.
I hope not, but that is what I think.
I will see what the winners have been the last two years, watch them carefully, and buy accordingly.
Up 200 points in the last half hour of the trading day. Just another routine blip.
Guys, when you clean out waste and fraud, cut spending and cut taxes, you are pretty much assured of a strong economy. So yes, this is what America voted for
Leftwingers don't really do the stock market.
- Apr 11, 2023
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Well, then do that instead of saying you are doing, because you are not.
We will lose more than 600 in the Dow Jones tomorrow.
otto105
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Canada and Mexico will retaliate with their tariffs to hurt red states.
See Kentucky bourbon sales to Canada.
debbiedowner
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Way down at this moment by 800. Can you say tariffs?
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The DOW closed 650 points lower yesterday. Plummeting today again thanks to his tariffs.
rightwinger
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Trump says we have to expect some pain
rightwinger
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Elon Musk is leading the market collapse
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