US Economy - News, Updates and Discussion

[Davey Crockett]

Dow Jones

36,991.69

−1,323.17 (3.45%)today

Apr 7, 9:34 AM EDT

~

36,687.81

−1,627.05 (4.25%)today

Apr 7, 9:43 AM EDT

~

36,947.97

-5,853.75 (-13.68%)past month

Apr 7, 9:49 AM EDT •

 

[Davey Crockett]

It wasn't just the US, the panic gripped the entire world. Here is a summary of notable moves around the globe:

• The S&P 500 looks set to open around 4,945 points, just above the level of 4,915 that would mark a 20% drop from its Feb. 19 record.
• Japan’s Nikkei 225 Stock Average slid into a bear market. The Nikkei has fallen more than all other major Asian indexes this month as the yen’s strength threatens to erode the profits of exporters.
• A gauge of Chinese shares listed in Hong Kong tumbled 14%, putting it into a bear market. Hong Kong’s Hang Seng Index had its biggest drop since 1997, wiping out all of its gains for the year.
• The yield on the US two-year bond, among the most sensitive to monetary policy, fell as much as 22 basis points to 3.43%. German bonds also rallied hard, sending the two-year bund yield as much as 20 basis points lower to just above 1.60%, the lowest since October 2022.
• MSCI’s emerging-market stock index dropped 7.9%, erasing its gain for the year and notching its biggest intraday drop since 2008.
• Brent crude fell by almost 4% to $63.01 a barrel, a four-year low, before paring losses, while West Texas Intermediate was near $60.
• Cryptocurrencies, an asset class that Trump has been promoting, wiped out almost all their gains since his election win in November. Bitcoin tumbled below $75,000 for the first time since Nov. 7 before paring the drop.

Meanwhile, Trump is giving no sign of backing down on his trade war: "I don’t want anything to go down, but sometimes you have to take medicine to fix something," he said.

Futures, Global Markets Tumble In Panic Selloff As VIX Hits 60 | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[Starlord]

You can buy share too. It's not like ordinary people are excluded.

of course but how many average Americans sits on a decent amount of savings to buy shares when dip happen? yeah I can buy few or invest few hundreds or a 1000 in stocks but it wont make much effect, unlike the Billionaires who can buy entire companies.

 

[Davey Crockett]

LOL! The analyst who predicted the shorts will get their face ripped off wins.....

38,149.39

−165.47 (0.43%)today

Apr 7, 10:12 AM EDT

 

[Davey Crockett]

 

[r3alist]

Be careful!

The margin call is coming soon.

I wonder if U.S. fund managers are intentionally letting the stock market fall further?

If that happens, the market could plunge even deeper.

I doubt it unless they have insider information what trump will do

Uncertainty will cause withdrawals and they will sit on cash or cash equivalents just waiting to deploy cash...the problem here is we don't know who the winners are and losers are ... you just need something reasonably predictable whatever it is...just something to settle down


Outside of china, maybe eu, maybe Canada and Mexico everyone else signalling they will talk to trump...India, Bangladesh, Malaysia, Indonesia, Japan


Right now the rest of the world not got the will or balls to collectively counter...for now

Someone make an image of trump as a colonial viceroy....

 

[Vox Non Dei]

Yes that's the strategy

It's become they want the dollars to be put to use and in circulation rather than held
It's seen as unutilised money

It also kind of reduces their leverage on the USA, as the USA has the obligation to them

I think that's the logic, even In the UK government will attack unutilised savings to force expenditure, not exactly the same I guess

Thats not a strategy, thats stupidity. When stocks are getting slaughtered, investors will move to bonds, with longer term the better, for stability.

And btw, slaughtering the stocks is never a good way to push money in "circulation". Increased volatility forces people to seek investment in less uncertain assets. Like cash or even gold. Gold prices are through the roof for a reason.

 

[Menthol]

Everyone should know that stock market falls first before something bad is happening.

Do you think in the next couple of weeks everything will be over?

It's not.

It's just the beginning.

Imagine an iceberg, what you see today is just the tip of an iceberg.

 

[Menthol]

I doubt it unless they have insider information what trump will do

Uncertainty will cause withdrawals and they will sit on cash or cash equivalents just waiting to deploy cash...the problem here is we don't know who the winners are and losers are ... you just need something reasonably predictable whatever it is...just something to settle down


Outside of china, maybe eu, maybe Canada and Mexico everyone else signalling they will talk to trump...India, Bangladesh, Malaysia, Indonesia, Japan


Right now the rest of the world not got the will or balls to collectively counter...for now

Someone make an image of trump as a colonial viceroy....

They do know.

Warren Buffett holds cash since last year.

If we, Indonesians know, how can Americans sit in Wall Street don't know.

They know better than us.

As I already mentioned since last year, wait until Trump becomes president, there will be a market crash.

 

[Yasser76]

Destroyed NATO and the US economy in the space of a few months and we still think he is not a Russian asset....

 

[mulj]

Well new 50% tariffs on China products by trump, China is to patient and passive if they do not respond with something spectacular for this basic declaration of trade war it will be seen as sign of weakness.
What is contingency plan in scenario like this when trade with usa threatened to be rendered to zero?

 

[Vox Non Dei]

Everyone should know that stock market falls first before something bad is happening.

Do you think in the next couple of weeks everything will be over?

It's not.

It's just the beginning.

Imagine an iceberg, what you see today is just the tip of an iceberg.

Well, this one is not really structural. This is just stupidity. Plain and simple stupidity. If today they impeach trump and put someone sane in office, it will be fixed in moments.

 

[Hakikat ve Hikmet]

Outside of china, maybe eu, maybe Canada and Mexico everyone else signalling they will talk to trump...India, Bangladesh, Malaysia, Indonesia, Japan
Right now the rest of the world not got the will or balls to collectively counter...for now
Someone make an image of trump as a colonial viceroy....

We're watching The Godfather in real time....

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[FuturePAF]

Let me be the Devil's Advocate here. Adam Smith talked about the wealth of the nations, not paper money of the nations. Now, wealth means technology, manufacturing know-how and facilities, production, natural resources (water, land, minerals etc.), educated folks etc. The USA is taking the correct course corrections while she has got still some time left before it's too late. It'll be painful but it's worth enduring it.....

It should just have been done more strategically not aimed at everyone, including an island of penguins.

 

[r3alist]

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It's like we were always told