Donnie's "Raw Deal" fouled by intent with Trickledown Elonomics. The cost of unsold products will catch up to producers and price adjustment of resources. At least we aren't sending the Gulag's to Mars under article 58 for counter-revolutionary activity....
Yeah, there's no compelling reason in sight for stocks to resume an upward trend. But also - 10yr is down a bit as USD. The ATHs look distant. Technically... a quick look calls out ~5250 on the S&P as support. "Tactically bearish" indeed, as JPM wrote.
The stock market is only moving on the most recent bad news, while ignoring the cumulative effects of all of the bad news over the entirety of Trump’s term. A depression is inevitable.
You mean STILL. Has not taken much of a breath since fElon Bros terrorized us with tariffs and Muskrat took a chainsaw to our democracy. Have you gone down the PayPal Mafia’s Network State rabbit hole yet? We’re more than half way thru the first 100 days.
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Silently they
GO PUTT PUTT PUTT...
https://www.wsj.com/finance/currencies/trump-family-has-held-deal-talks-with-binance-following-crypto-exchanges-guilty-plea-05b029fa?st=GEt3LZ&reflink=desktopwebshare_permalink