So....yesterday The Don slapped a 10% tariff on $200 Billion of Chinese goods. Today China retaliated slapping tariffs on $60 Billion of American goods. The market is up about 200 points today. Please explain. TIA.
Dude, I said the market is going through wild swings based on Trump's trade policies. You seem to only care when it goes up but ignore when it goes down. If you only consider the times you come on and post these wild upturns, the Dow would be over 30,000.
The simple fact is on MONDAY the market in general was down due to Trump's announcement that new tarrifs on China were coming that night...and China threatening 20% tarrifs in retaliation. You conveniently ignore the fact the Dow ended 95 points lower based on that news...and had been generaly dropping lower in previous days/weeks due to the same issue.
So, you come to today (Tuesday)...where the tarrifs were not as bad as they were threatened to be, and China only did 10%. So, there is a feeling of over reaction. So they buy, and other news came that pushed it higher. Frankly, I think it over compensated and tomorrow (Wednesday) will be a down day.
So, like I said, it is volatile, up and down. You still have not reached the January high...therefore, if you are have diverse investments, you have made no money this year in the markets. I'm sure soon Trump will retaliate against China's 10% tarrif...and the market will go down because of that. Eventually, all of this (tarriffs) will start affecting inflation and it will all come out of OUR pockets, interest rates will go up faster than expected to fight inflation, and the market will go even further down. It's all just common sense.
I am now reading news saying banks are not getting many home loans...so they are lowering their standards to qualify for a mortgage. History repeating itself...and people wonder why regulating financial institutions is demanded by certain people.