Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

NCDem47

(2,781 posts)
Wed Apr 9, 2025, 02:32 PM Apr 9

"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.

12 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies

NCDem47

(2,781 posts)
4. Me too. For sure.
Wed Apr 9, 2025, 02:39 PM
Apr 9

The commentary though is the sensational headline, that, on its own, can be manipulated by Trump to mislead.

snowybirdie

(6,035 posts)
2. And China
Wed Apr 9, 2025, 02:36 PM
Apr 9

Isn't part of it. Were still going to feel prices go up soon. Inflation will piss is all off anyway

Silent Type

(9,015 posts)
6. I'd suggest reading the article with that headline. It gives plenty of context, as do other articles on CNBC home page.
Wed Apr 9, 2025, 02:42 PM
Apr 9

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. China’s 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

(2,781 posts)
9. I understand that. and agree. We're on the same page here.
Wed Apr 9, 2025, 02:52 PM
Apr 9

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.

question everything

(50,076 posts)
7. We've seen this yo-yo for the past several weeks
Wed Apr 9, 2025, 02:42 PM
Apr 9

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.

Prairie Gates

(4,907 posts)
10. S&P closed over 6,100 points on February 20
Wed Apr 9, 2025, 02:53 PM
Apr 9

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

(24,263 posts)
12. And why did that happen, genius?
Wed Apr 9, 2025, 03:32 PM
Apr 9

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?

Latest Discussions»General Discussion»"Biggest one-day gain in ...