Posted on 04/03/2025 3:57:27 AM PDT by hardspunned
US stock futures plunged on Thursday as investors digested President Trump's announcement of a 10% tariff on all US trading partners, which has sent shockwaves through markets and the global trade order.
S&P 500 futures (ES=F) dived 3.1%, while Dow Jones Industrial Average futures (YM=F) tumbled 2.5%, or over 1,000 points. Contracts on the tech-heavy Nasdaq 100 (NQ=F) led the sell-off, plummeting 3.5%.
Apple (AAPL) shares fell sharply, while Nvidia (NVDA) and other chip stocks also tumbled amid concerns about disruption to their supply chains. China, a key supplier of components to such tech companies, was hit with additional US tariffs that raised its overall rate to 54%.
(Excerpt) Read more at finance.yahoo.com ...
What to buy? American steel, manufacturing?
I would slowly buy
Qqq
Nvidia
I have these but my average price is a bit higher
I have to sell other stocks to buy more qqq and nvidia
Also look at SOFI in the 11$ range
If long term investor, it’s always a good day to buy, lf short term investor, its always a good day to sell.
FWIW, this drop in the futures is based on very low volume. I dont think the prices are representative of the larger market. Buyers and sellers are on hold.
How long to you expect the slide to last? When does reciprocal become the norm?
All the smart traders sell on the dips and buy at the top.
I’m taking profit on my reverse ETF positions (SPXS/SQQQ) and adding to my treasuries (TLT/BIL) and looking for a high dividend REIT that deals with factories.
Still keeping some cash on the side as I don’t think the bottom will be in until we hit 15% down from the high at a minimum. That would put the Dow at 38270, S&P at about 5200-5250, NASDAQ around 17750 (20% vs 15% because it’s more volatile).
Your mileage may vary.
“Buy low. Sell high.”
I have no idea how long the decline, my financial plan is okay if 40% down for 10 years before needing to resign in spending.
That’s some president y’all got there.
That is my strategery. It has been a faithful plan of investing.
I’ve been in the market for thirty years. It’s impossible to predict (time) what the market will do. By the time you see the information in the media the market players have already priced in the moves. We, the great unwashed, are too far down the information train to do anything effective.
Having said that, we’re in a war with another one threatening. You could hardly do badly buying the military industrial complex. But Amazon and Visa have outperformed most of them.
With only one exception I own only American companies because we have the most “honest” bookkeeping. Buy and only sell when you notice a long slow decline. That means the people running the company have taken their eye off the ball. Go to Yahoo finance and call up the long-term stock price chart. They generally trend into the same direction until they either double or crash and burn. Buy and sell accordingly.
For the longer period mentioned, dollar cost averaging in the S&P500 on the way down is the way to go. No one ever knows the bottom. I’ve done that for a long time, and it has been great. ETF’s are more tax efficient than mutual funds. Picking individual stocks is just too darn difficult.
You, and people who sound you, are real bright lights.
I guess America needs to keep taking it in the keister forever, before someone is brave enough to do something about it?
We are broke as a Nation!
The world’s gravy train @ Americas expense is over, and
I LOVE IT !
If I feel some short term pain, for longer American gain, so be it!
Grow a spine!
I will suggest investing in America.
By purchasing an indexed mutual fund you are purchasing shares of a cross section of America. In the long run, betting on America is a certain winner.
If you must buy only one, Tesla is still cheap even though it has risen very recently.
Thus endeth the investment advice.
Sepius nefas , nunquam in nuto
😂
A much needed correction.
As Maria Bartiromo said.....if the market drops, she’ll buy with both hands. (paraphrasing)
Where their tariffs that Trump is responding to “punishing”?
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