Looks like the Casino is taking a healthy overdue Sh!t.

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Begun the tariff wars have.

Canada elected Trudeau 2.0. That will likely prolong animus from Trump.

China is punching back (retaliating with tariffs of their own).

It seems like things are escalating.
 

Dow tumbles nearly 900 points, Nasdaq suffers worst day since 2022 as recession fears erupt: Live updates​

A three-week market sell-off intensified on Monday, with investors worried that tariff policy uncertainty would tip the economy into a recession, something President Donald Trump did not rule out over the weekend in an interview.

The Dow Jones Industrial Average dropped 890 points, or 2.1%. The S&P 500 shed 2.7%. The tech-heavy Nasdaq Composite saw the biggest selling of the major averages, falling 4%.

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pmbug said:
Begun the tariff wars have.

Canada elected Trudeau 2.0. That will likely prolong animus from Trump.

China is punching back (retaliating with tariffs of their own).

It seems like things are escalating.
Click to expand...

Who in this Canada you speak of elected Trudeau British edition?
 
Long over due, but still in the upper channel... if it blows through 37,000 then Katie bar the door!

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Makes one glad we like to hold some hard stuff in our hands. There is something satisfying about holding a $20 gold.piece from the 19th century.20240405_201016.jpg
 
Warren Buffet was right. This is a good time to add to any long term portfolio.
 
WH announced that the crap with China will soon be over then the DJI shot up pretty quick. Think they claimed it was a negotiation tactic. Guess the bunk Trump said about world leaders lining up to kiss his ass and beg him for relief was just more bullshit :dontknow:

Bessent says he expects ‘de-escalation’ in U.S.-China tariff fight in the ‘very near future’​

  • Treasury Secretary Scott Bessent said he expects “there will be a de-escalation” in President Donald Trump’s trade war with China in the “very near future.”
  • Bessent called the sky-high tariff fight between Washington and Beijing unsustainable.
  • Bessent spoke at a private investor summit in Washington hosted by JPMorgan Chase on the sidelines of the World Bank meetings this week.
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Up over 1K now, probably due to Trump saying the tariffs on China are going to come down and he isn't going to try to fire Powell.
 
Since he legally can't fire Powell, that's a relief. China bitch slapped him...
 
Related short quick read.

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WH announced tariff deal with China - Dow futures up over 800 this AM. Could be an interesting day.
 
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