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Stocks... Brace yourself!

poweRob

poweRob

USMC 1988-1996
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Let's see how the markets go tomorrow morning shall we? Not a coincidence that he didn't announce the tariffs until after the market closed.

www.barrons.com

Stock Futures Plunge After Tariff Announcement

U.S. stock futures were dropping after President Donald Trump announced broad tariffs on foreign trading partners. Just after 7:45 p.m. on Wednesday, Dow Jones Industrial Average futures fell 1,020 points, or 2.4%; S&
www.barrons.com www.barrons.com

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U.S. stock futures were dropping after President Donald Trump announced broad tariffs on foreign trading partners.​
​
Just after 6:30 p.m. on Wednesday, Dow Jones Industrial Average futures fell 1,148 points, or 2.7%; S&P 500 futures were down 4%; and Nasdaq 100 futures fell 4.7%.​
​
Trump said Wednesday afternoon that the U.S. will enact a 10% baseline tariff to goods from most countries, as well as reciprocal tariffs for certain nations.​
​
The three major indexes were all closed higher Wednesday. The Dow rose 235 points, or 0.6%. The Nasdaq Composite gained 0.9%. The S&P 500 was up 0.7%, its third day of gains.​
 
poweRob said:
Let's see how the markets go tomorrow morning shall we? Not a coincidence that he didn't announce the tariffs until after the market closed.

www.barrons.com

Stock Futures Plunge After Tariff Announcement

U.S. stock futures were dropping after President Donald Trump announced broad tariffs on foreign trading partners. Just after 7:45 p.m. on Wednesday, Dow Jones Industrial Average futures fell 1,020 points, or 2.4%; S&
www.barrons.com www.barrons.com

U.S. stock futures were dropping after President Donald Trump announced broad tariffs on foreign trading partners.​
​
Just after 6:30 p.m. on Wednesday, Dow Jones Industrial Average futures fell 1,148 points, or 2.7%; S&P 500 futures were down 4%; and Nasdaq 100 futures fell 4.7%.​
​
Trump said Wednesday afternoon that the U.S. will enact a 10% baseline tariff to goods from most countries, as well as reciprocal tariffs for certain nations.​
​
The three major indexes were all closed higher Wednesday. The Dow rose 235 points, or 0.6%. The Nasdaq Composite gained 0.9%. The S&P 500 was up 0.7%, its third day of gains.​
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No worries...he'll sign an EO mandating that they go back up.
 

March 31 (Reuters) - Goldman Sachs raised the probability of a U.S. recession to 35% from 20% and said it expects more rate cuts by the Federal Reserve, as President Donald Trump's tariffs roil the global economy and upend financial markets.​
​
The brokerage also lowered the world's largest economy's GDP growth forecast for 2025 to 1.5% from 2.0% and projected three interest rate cuts each from the U.S. Fed and the European Central Bank from its previous expectation of two each.​
 
Trump’s desired switch from income taxation revenue to tariff (consumption) tax revenue will impact us, since we currently pay no income tax.
 
ttwtt78640 said:
Trump’s desired switch from income taxation revenue to tariff (consumption) tax revenue will impact us, since we currently pay no income tax.
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Yeah, Joe Sixpack just took a ~ 25% pay cut in terms of purchasing power.

This is going to go well for everyone.
 
Luce said:
It's like the end of The Bridge Over the River Kwai except that there are an infinite number of cars going off the trestle into the gorge.
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And the Japanese blew up their own bridge.
 
Not sure quite what to expect in the next trading session. Odds are suggesting a significant downside, but some of that was already baked into the markets before the announcement, and the announcement of 'reciprocal' tariffs was not the worst case scenario. Post session trading is significantly down, but I wouldn't be totally surprised to see the next US trading session start less miserable than you might think. Going to depend on what the retaliation looks like I think. On the other hand, trading in some countries that have been hammered by tariffs will likely be heavily down, and who knows what will happen once those countries announce their retaliatory tariffs. Definitely not clearing all my short positions yet. I have a lot to thank Trump for, even though I think he is a complete moron for what he is doing.
 
Luce said:
"Looks like I picked a bad week to give up shooting smack."
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I shouldn't laugh at this given the situation but I absolutely loved that movie. "Looks like I picked the wrong week to stop sniffing glue."

Probably my one laugh of the day given all the horrendous shit going down, so thanks for that.
 
EnchantedMuggle said:
I shouldn't laugh at this given the situation but I absolutely loved that movie. "Looks like I picked the wrong week to stop sniffing glue."

Probably my one laugh of the day given all the horrendous shit.going down, so thanks for that.
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See my sig.
 
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