General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums"Biggest one-day gain in five years"
CNBC saying regarding the S&P 500.
Trump and his monkees won't address a crash, but they'll jump on this!
Never mind giving no context that we were in the crapper for the last four business days and it only begins to dig us out of a hole.
elleng
(141,926 posts)I (and family,) can use it.
NCDem47
(3,323 posts)The commentary though is the sensational headline, that, on its own, can be manipulated by Trump to mislead.
snowybirdie
(6,563 posts)Isn't part of it. Were still going to feel prices go up soon. Inflation will piss is all off anyway
clevergrrrl
(122 posts)for the next 4 years
taxi
(2,676 posts)A mixed metaphor for the sheep.
Silent Type
(12,412 posts)A few other quotes from CNBC link:
"Given how depressed stock prices and sentiment had become, the 90-day pause is sparking a violent rebound, and delaying implementation certainly removes a giant overhang from the market, said Adam Crisafulli. But tariffs are not going away. Chinas tariff rate is now in triple digit territory, and who knows what happens in 90 days when this pause concludes.
"This allows for at least a near-term rally, but I would not assume that the bottom has been put in place, added Sam Stovall, chief investment strategist at CFRA Research. Fool me once shame on you; fool me five times, shame on me.
"Prior to the announcement of the 90-day pause, investors were on edge over an escalating tit-for-tat between China and Trump. The EU had also approved its first set of tariffs on the U.S. set to start April 15."
NCDem47
(3,323 posts)It's TRUMP who runs with flattering headlines. I was predicting to watch for him and Republican talking heads to come out to tout the headline and bury/not address the bigger story. So like them. At least Trump will run with a Truth Social post along the lines of "See what I created! The largest one day jump in five years!" Or something like that.
Silent Type
(12,412 posts)question everything
(51,692 posts)He is going with tariffs, market drops, someone gets in and buys cheap, then he plays SNL Emily Latella, never mind. Market goes up and that someone is making a bundle.
Ritabert
(1,972 posts)Prairie Gates
(7,175 posts)It's down over 12% in the last 50 days (even counting today's gains). If you had $400,000 in a retirement account indexed to the S&P, you'd be down almost $50,000 in less than 2 months.
louis-t
(24,575 posts)Because you're a genius? No, because you paused some of the tariffs. Even if that was your 'plan' all along, what's the point? What are you accomplishing besides waving your tiny, mushroom dick in everyone's face?