Posted on 04/07/2025 7:57:52 AM PDT by Macho MAGA Man
Benny Johnson @bennyjohnson
BREAKING: The S&P 500 gains $4 trillion following EU announcement of interest in zero for zero tariffs with United States. Last edited
9:43 AM · Apr 7, 2025
(Excerpt) Read more at x.com ...
This is new news from the EU, thus the S&P 500 is slightly positive for the day. Is it a rumor?
Here we go.
The next few days are going to be extremely volatile as we get back and forth messaging from the different euro-weenies and other countries.
For example Vietnam came out saying they would take their tariffs to zero and we responded that it wasn’t enough as they are passing through Chinese goods to avoid tariffs.
Macron said - the EU would have a hard response, other Euros are now saying zero for zero...
making for a barnburner of a market.
The S&P did nothing of the sort.
Too bad it was baloney
The market is not moving around on what the President is saying.
It appears there’s been a recent reversal...
Tariffs are just part of the problem with the EU. VAT taxes and non-monetary barriers are the real issues.
Now stock market down 160.
Folks want a giggle...?
Check out the UK’s broadsheets and tabloids...
The UK’s enemedia still has us circling the bowl...
😂😂😂😂
Just checked. Looks down to me.
How much do stocks have to drop before trading is halted? The details on market ‘circuit breakers - Fred Imbert
When stock prices and stock futures fall rapidly in a single session, exchanges implement halts in trading to allow a moment for cooler heads to prevail and avoid market crashes we’ve seen in the past on Wall Street.
Such moves usually take place during times of extreme market volatility, such as March 2020 - when the Covid-19 pandemic sent global markets tumbling. This time, surging global trade tensions sparked by surprisingly high universal tariffs implemented by President Donald Trump are putting massive pressure on equities, with the sell-off continuing on Monday.
Circuit breakers
During the regular hours of 9:30 a.m. ET to 4 p.m. ET, trading in equities may be paused market-wide if declines in the S&P 500 trigger a “circuit breaker.” These occur when the benchmark index falls by a certain amount intraday, leading exchanges to briefly stop all trading. All major stock exchanges abide by these trading halts.
There are three circuit breaker levels:
Level 1: The S&P 500 falls 7% intraday. If this occurs before 3:25 p.m. ET, trading is halted for 15 minutes. If it happens after that time, trading continues unless a level 3 breaker is tripped up.
Level 2: The S&P 500 drops 13% intraday. If this occurs before 3:25 p.m. ET, trading stops for 15 minutes. If it happens after that time, trading continues unless a level 3 breaker is triggered.
Level 3: The S&P 500 plunges 20% intraday. At this point, the Exchange suspends trading for the remainder of the day.
The benchmark closed Friday’s session at 5,074.08. Here are the thresholds the S&P 500 needs to reach during Monday’s session the different circuit breakers to be triggered:
Level 1: 4,718.89
Level 2: 4,414.45
Level 3: 4,059.26
‘Limit down’ futures
In non-U.S. trading hours - between 6 p.m. ET and 9:30 a.m. ET the following day - if S&P futures are down 7%, then trading is halted until traders willing to buy the contract at the “limit down” level emerge.
Russell 2000 futures, which track the small-cap benchmark, briefly reached that threshold overnight, falling 7% before bouncing.
Wall Street is coming off a horrid session. On Friday, the S&P 500 dropped nearly 6%, its worst day since March 16, 2020 - when it dropped 11.98%. The Dow Jones Industrial Average plunged 6.9%, its biggest one-day decline since June 11, 2020. The Nasdaq Composite tumbled 5.8% on Friday and ended the day in a bear market, down more than 20% from its record high set in December.
The selling continued Monday, with the S&P 500 losing 4.5% and entering bear market territory, down more than 20% from a record high set in February.
Varney reported that another network went with an unconfirmed report that there was going to be a 90 day pause in tariffs. And the market was off to the races. Back down now.
My buy orders went in at the start of the session.
He won’t let them off their hooks that easily. They may WANT to go to 0%, but our President NEEDS to clean their clocks before he agrees to it. One year, maybe two, minimum. Not two weeks.
Trump is also pragmatic and not committed to an ideology other than doing what works. He will make course corrections and not cling to a mistake.
I cannot help but think that some of the market reaction is motivated by foreign and domestic interests that do not want MAGA.
Because of this, I am still bullish on my equity investments even though I am more dependent on the as I age.
They’ll also have to deal with the unfair VAT taxes, which POTUS has often talked about.
The market is moving around based on what all the players are saying, Trump, reshoring companies, other countries and the propaganda media.
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