Contrived “reaction” engineered by globalists. If the stock market reacts to a small tariff that affects $200B in goods, realizes a tiny $50B in money collected, versus a stock market with a $34T net worth then you know this is TOTAL BS.
The markets always emotional and not rational.
They had that information a week ago. Markets don't react to what was known a week ago. The react to what they think will happen in the future.
This tax hike is more than 1/3 the size of the Ryan tax cut that kicked off the rally at the end of 2017.
Yep. I also see the exchange of some stocks for other stocks. Market Makers are simply exchanging for stocks worth more under Chinese pullback.
Super bargains and I’m jumping in with both feet.
I’d love to see the DOW drop 1000 or more today. Within 30-45 days we will be at record highs and when the new trade agreement is announced, plan on the averages jumping about 3-4 % immediately.
Dow Futures now down Over 500 points. The markets open in 10 minutes.
https://www.cnbc.com/pre-markets/
Nobody loses any money on Dow Futures. It is cheap signalling.
When it comes time to bet actual money on actual investments, we will see how it plays out.
Nice fringe benefit...excuse to keep interest rates on savings low. Can't let us little folk feel too secure about preparing for the future.
The stock market going down signals that the big guys think that corporations that profit from trade with China will be less profitable. That would imply that they plan on having to absorb some of the tariffs, or that sources they don't control will provide alternatives.
Tom Cotton was on CBS "news" this morning. (they do more news, but they're still openly hostile to our values). He explained why the tariffs are necessary and that it's a price we have to pay because China has been so dishonest about trade.