Posted on 04/07/2025 9:02:03 AM PDT by bitt
Global crash, Trump tariffs bite; 25% of Earth seeks deals; China reels, EU buckles; UK flips; inflation, oil down; Main Street cheers; was a market reset the plan all along? And much more.
Good morning, C&C, it’s Monday! The news continues to be dominated by Trump’s tariffs and the world’s market response. So let’s dig in. In today’s roundup: global markets plunge as Trump tariffs take hold, but what’s the upside?; a quarter of the entire Earth lines up to do deals; China reels under tariff chaos; Europe in focus as Trump vows the EU will have to pay “a lot” in restitutionary back-invoices; British pivot to Trump agenda in astonishing reversal as tariffs begin to grip; Brussels Tower of Babel leans over; US inflation at rock bottom; oil prices plummet; Main Street celebrates; and the astonishing possibility that a stock market reset might have been the plan all along.
When America sneezes, the world goes on the ventilator. The Wall Street Journal ran the tariff-fallout story this morning, dramatically headlined, “Stock Market Today: Dow Futures, Asian Stocks Plunge as Trump Tariff Turmoil Deepens.” Our stock market is down, a good bit, but the foreign markets are crashing.
Mangling three different metaphors, the Journal reported that “turmoil in global markets snowballed into one of the worst routs in recent memory after President Trump said he will stay the course with aggressive, economically disruptive tariffs.” Indeed he did. However, the President stuck with a single, consistent metaphor, saying last night that “I don’t want anything to go down, but sometimes you have to take medicine to fix something.”
(It might have been rhetorically stronger to say sometimes you have to take medicine to cure cancer, or mental illness, but I can overlook it. Unlike the Journal’s overpaid writers, the President spoke off the cuff to hostile reporters. And there might be a very good reason he picked the word “something.” We’ll get to that.)
He continued, “China right now is taking a big hit. They have to pay tariffs.” Trump told reporters he spent the weekend speaking to tech executives, including “four or five that are considered the biggest” as well as other global leaders. “I spoke to a lot of Europeans, Asians, all over the world. They’re dying to make a deal,” he said.
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Yep, people really thought 30% YoY returns would last without a correction? Just because the tariffs triggered it, and that it’s happened very quickly, it really should not be a surprise...it was only going to take some ‘not so positive news’ and the correction was going to happen.
...it has more to go imho, momentum usually swings things past where they should be.
nice packaging on message
much easier to distribute
Watching all these people scream and cry about losing some money is amazing...They don't give two shits about what kind of America will be left when they're gone.
I blew it by sitting tight in 2022 but just waited it out and it came back just like it will this time.
I'm more concerned with the country, not you losing a few bucks. If ya don't like it, or it's too scary, stay out of risky investments.
You were right. I can't believe how fast it came back. TSLA up Over 40 points today at 3PM.
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