Wall Street is starting its second quarter, and tRump’s insane tariffs have a *lot* to do with the slump that’s hitting. They’re off to their worst start in *years*. That’s not good. But El Presidente Imbécil doesn’t care. He thinks all the money problems for this country can be solved by tariffs. Meanwhile, prices go up and up for those tariffs. Consumer spending is slowing down, the housing market is slowing down, and a recession looks more and more likely day by day.
Wall Street has been rocked with volatility this year as Trump’s tariff proposals have kept investors in a cloud of uncertainty. The benchmark S&P 500 index is down almost 6% for the year, its worst start since 2020. So, do you agree with me that this is a Bad Sign? I’ve been keeping an eye on the stock market just for fun, and this tariff crap is messing things up big time!
From CNN: “US stocks were lower Monday. The Dow was down by 50 points, or 0.1%, pulling back from opening lower by about 300 points. The S&P 500 was lower by 0.8% and the Nasdaq Composite slid 1.8%. The S&P 500 briefly reentered correction territory, down 10% from its record high in February, and dropped to its lowest level since September. Stocks around the globe were lower Monday ahead of Trump’s so-called “Liberation Day” this Wednesday, when reciprocal tariffs in addition to others are set to go into effect. Economists anticipate that the sweeping tariffs could spur inflation and drag on economic growth.”
Seems what my gut was saying is correct. The more Agent Orange promotes tariffs, the worse it gets. “The economy faces a growing risk of a recession as tariffs could hinder growth, increase unemployment, and contribute to inflation, according to Goldman Sachs. The bank on Sunday said it sees a 35% chance of a recession in the next 12 months, up from 20% previously.”
The “good” (read: bad) news just keeps coming. I think I’m going to be paying *more* attention to the stock market now, since they usually are quite responsive to radical tRump tariff changes. “Heading into this year, US stocks had been at record highs, with some strategists questioning how much room was left to rally. Analysts had expected Trump to usher in a pro-business boom, enabling the stock market to continue its historic run. However, Trump’s commitment to an economic agenda that prioritizes tariffs has left some investors perplexed. Trump has not given markets the same attention as he did in his first term, while investors have had to reckon with other factors on top of tariffs, such as debates over the value of the artificial intelligence boom. The tech-heavy Nasdaq Composite is down 12% on the year and on track for its worst quarter since June 2022 and worst start to the year since 2020.” “This isn’t exactly reassuring to investors we talk to, who are perplexed by the dynamic of tariff announcements, negotiations, delays, and shifting levels of implementation for Mexico, Canada, China, and some key products,” the analysts said.” To use one of my favorite phrases, gee, ya *think*?
Ok, I swear I’m done with the facts and figures. Global markets have also been shaken by Traitor Tot’s tariffs. It seems I need to think bigger than just the United States. Benchmark indexes have tumbled. Extreme fear is driving the markets. It’s all because of our (non) illustrious President. He isn’t content with screwing up the US. He’s screwing up the world. Ouch!
*****And now, please read a very special request from our awesome boss******
Zoomers, if you can find some spare change in the sofa cushions, we could use it. April starts soon, and that is month six of this depressed media climate we now live in due to Trump Depression Syndrome. We thank you for any help you can give, and most of all, we thank you for coming here to read. Ursula
