OT: Stock and Investment Thread
- Thread starter RU05
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i think Trump wants the tariffs revenue to offset some of the tax cut extension.
Yup, lol, he thinks the rich are paying too much already and has to cut cost and add tariffs.
Maybe some of you are that rich, I’m trying to get by one day at a time.
What's going to be a good jobs number for the market tomorrow? Anything north of 170,000 will signal rates can stay where they are until inflation comes down further. Anything less than 170,000, will likey trigger a rate cut sooner than expected but then you have slowing growth. I'm guessing in-line expectations or more than 170,000 would be best.
That's how it begins. Trump defines success by the economy and stock market. That's not going to change. He pulled this for a while in his first term and calmed down. Same thing will happen here. Some tariffs are fine. China and pushing for reciprocity with others are okay. Tariffs against Mexico and Canada are not. Once those end the market will go back to ATHs and proceed.
I am not sure Trump has a plan day to day. He could wake up tomorrow and remove all tariffs or double down. His one month delay for autos could turn into a 3 month delay or can be started again on Monday. No one knows what he's doing and I don't think he does either.
Even when they pretend not to care about the stock market, they end with this. 
“The president wants American growth and American prosperity, OK? And the fact that the stock market goes down half a percent or percent, it goes up half a percent or percent, that is not the driving force of our outcomes,” Lutnick said on CNBC Thursday. “The president is focused on rebuilding America, and you are going to see growth in America. ... You’re going to see interest rates drop 1% or more. You’re going to see the stock market explode.”
“The president wants American growth and American prosperity, OK? And the fact that the stock market goes down half a percent or percent, it goes up half a percent or percent, that is not the driving force of our outcomes,” Lutnick said on CNBC Thursday. “The president is focused on rebuilding America, and you are going to see growth in America. ... You’re going to see interest rates drop 1% or more. You’re going to see the stock market explode.”
I haven’t done any research on it and just hear the usual media BS. But wouldn’t it be a much clearer strategy if Trump & Co. laid out the exact tit-for-tat recip tariffs? In other words, “here is a list of tariffs country X is charging us on Y; we will match those tariffs”…are the tariffs truly reciprocal or not?
I don’t know but it appears Canada is moving ahead with some of their plans and tariffs even though Trump keeps moving the goal post. They aren’t waiting for Trump next action.
I saw an explanation that the tariffs on Canadian agricultural products only applies once the sale of US agricultural products into Canada reaches a certain level. It is structured that way because of how Canada oversees their agricultural industry.
Having spent a decade and a half with Canadians in a professional capacity, I have to say they are a no-nonsense sort, especially those in govt. No surprise that they are readying their response and will move forward.
( rying) Not to get into politics here but like Powell, my guy just needs to STFU a bit (what else is new lol). It's the messaging (tone and repetition) and the confusion to a good extent. Stop blowing things up and instead do things "planfully".
We'll be fine but the whiplash won't be (isn't) fun.
We'll be fine but the whiplash won't be (isn't) fun.
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Trump has threatened the European Union with tariffs and will implement after Mexico and Canada trade has been resolved.
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+1
If he announced the reciprocal tariff plan and stuck to the timeline, the markets would be fine. That idea makes sense and is fair.
UNH up over $493 and will be over $500 shortly. I sold some yesterday but still have quite a few shares, hoping for $525 in 1-2 month
Negative day, sold some of my defensive stocks O, UNH, and JNJ. I think the market needs to go down 10% before Trump call off the tariff nonsense. Canada, Mexico, and China fighting back. Trump can’t take the pain.
META and AMZN down 20% from ATH and MSFT 18% from ATH. GOOG down 17% from ATH. I don’t know if I should buy more, maybe when I see 22-25% down. I did sell about 1/3 my taxable account a few days ago to take advantage of the profits holding on to these tech name for about a year. That’s why I don’t feel bad buying them back at a lower cost.
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It looks like the bottom should be right now base on the charts around 5,700 down 7.2% from ATH next level 5,400 down 12%.
Market turned positive at 5,700 so hopefully hit the bottom.
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Just noticed that I got stopped out of RDDT today.
Update: Reestablished a half position. I want to keep some skin in the game.
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Trump people are going crazy.
Does Canada blame us for not controlling our boarders to let them in from US?
Didn’t he say to buy before the sell off?
And I should care why?
Fidelity tax forms uploaded automatically to TurboTax.
Dumb comment. Of course he was. Everyone should have been buying (unless you are able to read Trump's mind). We were at an ATH prior to the T-word.
I need you as a client. Tails I win and heads you lose.
I could be wrong, but I think the point is that Tom Lee is celebrated when his prediction is on target, but when it is not and the market goes down, he is still right.