Category: Historical
Tariff Tantrum Fades From Memory
The major averages put the tariff tantrum to rest. With 4 consecutive gains this week. As the major averages closed with impressive gains. Since Monday the S&P 500 increased 242 points or 4.58%, the NASDAQ jumped 1,097 points or 6.74% while the DOW gained 971 points or 2.48%.
Tariff Terrorists Strike
In my nearly 3 decades in this business this has to rate as one of the worst weeks that I can remember. The S&P 500 lost 9.08%, The NASDAQ plunged 10.02%, while the DOW slipped 7.86%. As the Tariff Terrorists put an exclamation point on a bruising week.
Liberation Day
The Capital Markets drifted into Friday, posting large declines. Finishing the week in the red. Before Liberation Day. Erasing much of post correction gains. Since Monday the S&P 500 is down 87 points or 1.54%, the NASDAQ lost 461 points or 2.59% while the DOW slipped 401 points or .96%.
Chaos and Uncertainty
The markets don’t like it. With chaos and uncertainty triggering meaningful losses on Wall Street for a second consecutive week. That saw the S&P 500 lose 59 points or .98%, the NASDAQ plunged 677 points or 3.47%, while the DOW gained 413 points or .95%.
The Speed Of Chaos
With the Trump administration continuing to move at the speed of chaos, disrupting everything in its path. I begin to wonder about terminal velocity. Tariff induced trade wars come and go in the blink of an eye. The lamestream media begs for a day off because they can’t keep up.