At this point,
The stock market tanking is pretty much the only thing that might get through to Trump if enough of his entourage complains to him and he sees it on Fox.
Why would Trump care? He’s starting his second term and can’t be in for a third. Best time to shake the tree.
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Mostly because the people in Florida he views as peers will be mightily pissed off at him.
That and Fox will probably make a comment or two about it.
Fox is reporting a little bit on the market decline but it is way down their top stories. Their top stories are what you would expect from a tabloid like The Sun or Daily News.
There is no editorial criticism yet by Fox on the tariffs.
TSLA down 16% today, the rest are down 3-5% or so.
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Can’t be in for a 3rd term if your 2nd term never ends.
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Down about 2% on my non-retirement portfolio since early Feb. I am not losing the gains that I never made in the prior year.
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I certainly regret not more aggressively hedging. Oh well. Gotta learn how to play the game.
Yes. The thing is, most people were expecting this to have already happened.
Of all the many, many catastrophically insane things we expect from Trump, allowing the stock market to plummet is low on the list. Starting wars? Sure. Torturing immigrants? Sure. Overthrowing the government? Yes. But letting stocks slide? Not really.
Makes you worried that he is not even guided by money. And that his greedy handlers can’t handle him at all.
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Let me know what it is when you find out!
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Stocks have been even more inflated than my Tesla’s tires.
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There aren’t too many times when we have such a direct link between a president’s unilateral decisions and a sudden market plunge and the economy going from strong to flashing recession warnings everywhere.
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Even fewer that the President’s party stands firmly in support of his actions, but that’s what we have.
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Well F… last week I moved about $200,000 of my retirement from a Target Date fund to a guaranteed fund. Wish I’d moved more.
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That’s only half of a good decision.
I started rolling money into an individual fidelity account in 2021. Half in a US total market index and the other half in a global ex-US index fund. The ex-US has been very underwhelming to this point (+7.7% total return vs +28.4% on the US index). Are any of you in other international indexes?
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Global ex-US funds are a pretty common investment for Canadians. I always hold some international equities in addition to Canadian and US ones.
Yes. Its quite common over here as well.
Equities are going to be taking a pounding all over the world due to Trump and his antics.