Nasdaq -22% within 6 weeks or so, entirely self-inflicted.
There is good news though - the S&P hasn’t entered bear market territory. Yet.
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'Cause the market is still pricing in the possibility of all this going away on 4/9. If it doesn’t, it will get worse.
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The market was going to decline anyway. The money is in Frankfurt not NYC.
@Hawkwin
What will happen on 4/9?
Wendy
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10% tariffs go into effect on 4/5, another round of 10% go into effect on 4/9.
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Because it all worked out so swell last Wednesday, we’re going to do it again this coming Wednesday.
Or, as the 60’s song says:
Second verse,
Same as the first.
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Ugghh. The good news? The dummies say we’ll get $6 trillion over 10 years. The bad news, US stocks just lost $5.4 trillion in two days…
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Just under $10 trillion has been lost since inauguration.
Edit: oops, that was data from yesterday. Now $12 trillion lost since inauguration.
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