UNLV2001 Posted February 3 Posted February 3 Monday could be a securities blood bath -- How long will the LOSS's total lack of economic understanding shake the world markets ?!?! Quote
UNLV2001 Posted February 3 Author Posted February 3 https://finance.yahoo.com/news/live/stock-market-today-dow-sp-500-nasdaq-futures-plummet-after-trump-hits-canada-mexico-china-with-tariffs-002434712.html Stock market today: Dow, S&P 500, Nasdaq futures plummet after Trump hits Canada, Mexico, China with tariffs US stock futures pointed to sharp losses for the major indexes, as Wall Street showed the effects of President Donald Trump’s announcement of tariffs on China, Mexico, and Canada. Nasdaq futures (NQ=F) have dived 2.2%, leading the way down. S&P 500 futures (ES=F) spiraled 1.6%, and futures attached to the Dow (YM=F) stumbled 1.1%, or around 500 points. The tariffs, set to take effect on Tuesday, will include 25% duties on Canada and Mexico and 10% on China. Energy imports from Canada will be lower with a 10% duty. On Sunday evening, the US dollar index (DX=F) rose to near its highest levels over the past year. Crude oil (CL=F) also jumped around 2%. Quote
UNLV2001 Posted February 3 Author Posted February 3 https://finance.yahoo.com/news/oil-surges-trump-tariff-plans-230357662.html Oil Surges as Trump Slaps Tariffs on America’s Largest Supplier West Texas Intermediate, the US benchmark, rose as much as 3.7% to $75.18 a barrel, while Brent crude’s gains were less pronounced, to near $76. Trump carried out his threat to impose general levies of 25% on Canada and Mexico and 10% on Chinese goods starting on Tuesday, sparking pledges of retaliation and leaving only a small window for last-minute negotiation. Energy from Canada faces a reduced levy of 10%, which includes roughly 4 million barrels a day of crude. The US gets most of its oil imports from its northern neighbor — as well as about 500,000 barrels from Mexico. The increased cost for feedstock will likely translate to surging prices at the pump, with the most-active gasoline futures soaring as much as 5% in New York. Quote
Wyobraska Posted February 3 Posted February 3 On 2/2/2025 at 5:57 PM, UNLV2001 said: Monday could be a securities blood bath -- How long will the LOSS's total lack of economic understanding shake the world markets ?!?! I don't think this is by accident. When prices tank, the oligarchs can snap up more assets. 2 Quote
The Barber Posted February 3 Posted February 3 If you are a Senior Citizen, what is your strategy on this? Move everything to bonds? Maybe actually care about gold and silver? @GregoryPierreTolkien Quote
The Barber Posted February 3 Posted February 3 On 2/2/2025 at 5:06 PM, Wyobraska said: I don't think this is by accident. When prices tank, the oligarchs can snap up more assets. I'm having negative flashbacks to the COVID stock drop, where oligarchs / members of congress went on a spending spree and became massively more rich, when the general public was worried about their job Quote
UNLV2001 Posted February 3 Author Posted February 3 https://finance.yahoo.com/news/tariff-war-likely-plunge-canada-211258438.html Tariff War Likely to Put Canada Into Recession, Economists Say (Bloomberg) -- The Canadian economy is set to face the most severe shock since the Covid-19 pandemic and will probably sink into a recession if a tariff war persists, say top economists, with one calling it an “existential threat.” President Donald Trump’s 25% tariffs on most goods the US buys from Canada and Prime Minister Justin Trudeau’s plan to retaliate on C$155 billion ($105 billion) worth of American-made products will trim real gross domestic product growth by 2 to 4 percentage points, according to economists’ estimates. For an economy that was projected to grow at 1.8% in 2025, that would imply the first annual contraction in 16 years, outside of the pandemic. Consumer prices are likely to increase at a faster pace than the Bank of Canada’s 2% target, the unemployment rate is expected to rise and the Canadian dollar will weaken further. Here’s what economists are saying: Toronto-Dominion Bank Chief Economist Beata Caranci and Senior Economist James Orlando expect a “sharp negative reaction” in North American equity markets and the loonie, which could drop as low as 65 US cents. The economy will probably go into recession if tariffs are sustained for five to six months. Any longer would deepen the contraction, and the unemployment rate may cross the 7% threshold. “It is premature to estimate the central bank response,” they said. Bank of Montreal Chief Economist Douglas Porter said US tariffs and Canada’s counter-levies may reduce Canadian GDP growth by about two percentage points, and “if the announced tariffs remain in place for one year, the economy would face the risk of a modest recession.” Based on the tariff news, he sees the Bank of Canada cutting its policy rate by a quarter point at each meeting until October, then holding at 1.5%. Quote
The Barber Posted February 3 Posted February 3 On 2/2/2025 at 5:09 PM, UNLV2001 said: https://finance.yahoo.com/news/tariff-war-likely-plunge-canada-211258438.html Tariff War Likely to Put Canada Into Recession, Economists Say (Bloomberg) -- The Canadian economy is set to face the most severe shock since the Covid-19 pandemic and will probably sink into a recession if a tariff war persists, say top economists, with one calling it an “existential threat.” President Donald Trump’s 25% tariffs on most goods the US buys from Canada and Prime Minister Justin Trudeau’s plan to retaliate on C$155 billion ($105 billion) worth of American-made products will trim real gross domestic product growth by 2 to 4 percentage points, according to economists’ estimates. For an economy that was projected to grow at 1.8% in 2025, that would imply the first annual contraction in 16 years, outside of the pandemic. Consumer prices are likely to increase at a faster pace than the Bank of Canada’s 2% target, the unemployment rate is expected to rise and the Canadian dollar will weaken further. Here’s what economists are saying: Toronto-Dominion Bank Chief Economist Beata Caranci and Senior Economist James Orlando expect a “sharp negative reaction” in North American equity markets and the loonie, which could drop as low as 65 US cents. The economy will probably go into recession if tariffs are sustained for five to six months. Any longer would deepen the contraction, and the unemployment rate may cross the 7% threshold. “It is premature to estimate the central bank response,” they said. Bank of Montreal Chief Economist Douglas Porter said US tariffs and Canada’s counter-levies may reduce Canadian GDP growth by about two percentage points, and “if the announced tariffs remain in place for one year, the economy would face the risk of a modest recession.” Based on the tariff news, he sees the Bank of Canada cutting its policy rate by a quarter point at each meeting until October, then holding at 1.5%. Russia has to be very happy right now Quote
UNLV2001 Posted February 3 Author Posted February 3 On 2/2/2025 at 5:12 PM, The Barber said: Russia has to be very happy right now Putin has his top two operatives in place The LOSS in the oval office Musk with access to most classified information Putin will be riding high with the LOSS & Musk selling the US out 2 Quote
The Barber Posted February 3 Posted February 3 On 2/2/2025 at 5:15 PM, UNLV2001 said: Putin has his top two operatives in place The LOSS in the oval office Musk with access to most classified information Putin will be riding high with the LOSS & Musk selling the US out My guess is that others are thinking Russia as well. Do you think there will be another impeachment, this time because of Trump being an operative of Putin and the Russian Federation? Maybe tying the Trump tariffs to the Russians? Musk, I don't know what to think. I thought EVs were not as popular in Russia, and that he did the most business in China. What are Musk's plausible ties to the Russians? Quote
UNLV2001 Posted February 3 Author Posted February 3 On 2/2/2025 at 5:31 PM, The Barber said: My guess is that others are thinking Russia as well. Do you think there will be another impeachment, this time because of Trump being an operative of Putin and the Russian Federation? Maybe tying the Trump tariffs to the Russians? Musk, I don't know what to think. I thought EVs were not as popular in Russia, and that he did the most business in China. What are Musk's plausible ties to the Russians? I don't see any impeachment coming because: 1 - The LOSS has total control of the Republican party and their elected members know he controls their voters 2 - At this point the Republican party is power hungry & democracy be damned if they can seize power for the long term 3 - The LOSS since the pardons of the seditionists has potentially created a 21st century version of Germany's 20th Century Brown Shirts - a paramilitary arm loyal to their leader & benefactor Quote
PokeTransplant Posted February 3 Posted February 3 Fucking Great. "Let's move to Bonds with that awesome 2.5% yield" You fucking apologist / lemmings are good with this? Get ready to lose "bigly".... Quote
415hawaiiboy 2.0 Posted February 3 Posted February 3 Not sure if this will be a flash crash or a longer term stagnation. We have to consider where money will go next. Maybe international markets for once. Quote
Supersix Posted February 3 Posted February 3 Dow will dip in the morning, and Mexico or Canada will make a deal, causing the Dow to close with a gain. 1 Quote
Supersix Posted February 3 Posted February 3 When Trump imposed tariffs in 2016, there was a slight dip, followed by a bull run for the next three years. 1 Quote
PokeTransplant Posted February 3 Posted February 3 On 2/2/2025 at 7:55 PM, Supersix said: When Trump imposed tariffs in 2016, there was a slight dip, followed by a bull run for the next three years. Not going to happen. As much as the apologist / lemmings want to believe the unbelievable, the market is NOT solely dependent upon what happens in our corner of the world. Keep believing that we control the world economy.... You apologist / lemmings will feel the compulsion to troll / flame my stance....let's chat in 4 years.... Quote
Hashbrowns Posted February 3 Posted February 3 On 2/2/2025 at 5:31 PM, The Barber said: Musk, I don't know what to think. I thought EVs were not as popular in Russia, and that he did the most business in China. What are Musk's plausible ties to the Russians? His net worth is like 20% the Russian GDP. He’s in it for the world domination. Musk is a megalomaniac with techno-monarchist aspirations. Quote
FresnoFacts Posted February 3 Posted February 3 On 2/2/2025 at 7:55 PM, Supersix said: When Trump imposed tariffs in 2016, there was a slight dip, followed by a bull run for the next three years. The tariffs imposed in 2018 (the election was in 2016) were more targeted against specific industries and products. These are broader and against imports from entire countries. And he said tonight they will be expanded to the EU and possibly the UK. The difference is enough to me that I am not going to predict a repeat this time. Quote
Wyobraska Posted February 3 Posted February 3 Tariffs and cutting USAID is a Russian and Chinese dream scenario. Quote
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