Category: Historical
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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.
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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%.
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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%.
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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.