The market is down 4.9% this year. "Collapse" is a very dramatic word to use, and undermines the credibility of whatever narrative you're trying to push.
No that’s fair. I’m not trying to push any narrative, especially if you’re comparing it to the party I’m talking about (which is funny) but the NASDAQ has lost 7%, the S&P 5% and the DOW 4% in 30 days on his tariff talks alone. So again let’s not make it seem like I’m pushing a “narrative” and this man isn’t single handedly tanking shit
Also the Smoot-Hawley act of 1930 which was 60% tarrifs did tank the economy so my assessment isn’t far off
I think the tariffs are a risky idea and I don’t think they’ll be successful. Tech has been hit the hardest by the recent downturn, but it also carried the S&P the last several years, so that makes sense. My traditional blue chips are doing fine, just a minor dip. It’s going to be an interesting few years for sure.
Yep, I expect it to drop another 8-10% this year, if not 15% total. We were already due for a correction and are overdue for a recession, but this makes that even more likely. As long as you're investing with a long term idea in mind, things will be fine.
1
u/timewellwasted5 7d ago
The market is down 4.9% this year. "Collapse" is a very dramatic word to use, and undermines the credibility of whatever narrative you're trying to push.
And no, I'm not a Trumper.