Wow, what a ride.
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Got my IBNR on one screen and S&P on the other, not a typical set up
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I haven’t seen anything like this since that Anita Bryant concert.
That spike looked AI-driven to me. Some algo traders closed off a whole bunch of positions at once.
Irrational moves that go up: completely fine, no action needed.
Irrational moves that go down: bad, we need stops in the system to prevent those and make people think.
IIRC, impeachment is a privileged resolution, meaning anyone can call for a vote in 2 legislative days. There’s just little benefit in doing so unless there’s a chance of it passing.
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wtf, I missed the +/- 300pts on the S&P during my last meeting?
A reporter asked a Trump admin member about the possibility of a 90-day delay. Traders ran with the news about the question without waiting to hear the answer. Hell no.
Think of how much you could have made!
Does that mean we are finding the bottom or is this just a pause in the crash?
I think the answer to that depends on whether you think President Man-child is going to throw temper tantrums as the EU, China, etc. retaliate.
EDIT: I think we may be done with the initial free-fall. I think there’s potential for more downward shocks as “next steps” and consequences emerge.
Tariff increases will continue until morale improves!
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Well, I’ve been buying BND, but slowly. I cashed out $100k of S&P when the market was decent and will move that to BND.
EU is offering to remove tariffs on cars and other goods manufactured in the US. EU not retaliating is positive for markets. Questionable though if Europeans will actually buy cars made in the US as a result.
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Its highly unlikely China will back down.
This would be a loss of face in their culture.
So it looks like the US is going to get hammered again with even higher tariffs and prices.
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Both are bad: catching a falling knife or selling after stocks crash. I will stick to being a buy and hold investor as I look at longer term.
I did though sell a bunch of my son’s US tech stocks in February and put them in short term investments when things were so frothy. However he has a shorter investor horizon as he is looking at buying a house in 2026. House prices may be lower than also.
Make the tariff large enough and voila, no trade deficit. Just 0 on both sides.
When Vietnam reportedly said it would go to 0% and renowned village idiot Peter Navarro [but I repeat myself] said that wasn’t enough because of … whatever blather he spewed … that screams “they’re not walking back tariffs any time soon.”
Hearkening back to a thread from the AO years ago: they want a summer of [economic] hell.
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