Well, the people selling felt the market fell 15-20%. I also don’t trade on S & P most of my trade are tech stocks. They are already down. 30% and I m waiting for 40-50% down.
My wild-assed guess is that, if we, America, shows some tolerance for pain with these tarriffs the rest of the world will give us deals that are more fair and we can back off. That would be a huge plus for the future. I also think the rest of teh world will just then wait until the next weak/corrupt/stupid president and hammer him/her for concessions.
Not really trading. I’m buying every two weeks right now on schedule. It may go lower, in the future it will be higher.
DCA'ing is always the best idea. I have been trading futures with my COIN account. I've done really well with SOL and GLD (as mentioned above). Looking to get back into SOL contracts once the market opens at 6pm.
BTC down $4,200 today? They trade on Sunday?
I haven’t call my congressman lately so I’m fine with the pain but it’s affecting the lower classes. It’s not affecting people that have money trading stocks and crypto.
I thought we were not supposed to post comments about politics
You still want to go with that answer - or do u wanna wait for another 3000 point drop.
There is no stag or inflation as of now. Fear is not reality (and events can change on a dime). Check back in a few months.
Capitulation from who? Other nations, our nation, markets? All mean very different things.
The job of the market is to be 9 months ahead. Back in 2020 when the death count was at it highest, the market started ripping higher based on growth thru all the stimulus
Honestly, I think stagflation is the wrong call with either possibility. If there are successful negotiations in short term, we will be fine - economy and market. If these tariffs stay in place long term, we will have a legit recession/depression! I believe the definition of stagflation includes low economic growth, but growth nonetheless. Is that correct?
Agree technicals are not controlling the narrative here. This is a fundamental change in how the economy works.TA and support are irrelevant in these times. Only policy and events matter. News/details will be changing every day, perhaps every few hours. We are one tweet away from a face-ripping rally back to ATHs and one tweet away from even worse chaos. Enjoy!
And as per that news, Trump officials talking tough this morning on the various shows, but everyone is touting that 50 countries have called to negotiate. So.....the process is ongoing.
Be very careful. This economic strategy has no precedent. This is orchestrated chaos and real economic damage is on the horizon unless things change quickly.
Are you looking at any particular areas or sub-sectors for buying? There are plenty of companies that don't seem to be directly impacted by tariffs.
