Anyone who had some of those high fliers from the last year and didn’t take some profit is a fool. Sorry With stocks like MRVL, PLTR, NVIDIA, CRWD, GEV, the run up was huge. I dumped GEV and CRWD completely they were totally parabolic. Shaved PLTR and MRVL. Totally fine to sit on cash and get 4-5% while the shake out happens. Certainly the uncertainty has exacerbated this but it was gonna happen anyway regardless who was in the WH. If you couldn’t see it you haven’t been paying attention for very long. We still haven’t hit the August 5th flash crash lows. It will be interesting to see if we catch a bounce there. FED may move to cut rates sooner now, which has some benefit, lower interest rates costs on the debit and maybe a bump in housing.
A buddy of mine suggested that his on again off again tariffs were a way to manipulate the stock market. I just said that is interesting.
I have to say I underestimated Trump and he has surprised me. I didn’t think he could tank things this fast.
The market had a big run post Trump’s election win. The current sell off is due to market being over bought, Trumps’s tariffs and potential cuts in the Federal workforce with potential spending cuts. Economy loves government spending and nobody can say with any reasonable accuracy what will happen. Markets hate that.
You're saying the stock market numbers are due to Biden. This was Trump in January “Everyone is calling it the — I don’t want to say this, it’s too braggadocious, but we’ll say it anyway — the Trump effect. It’s you. You’re the effect,” Trump said at a rally with supporters. “Since the election, the stock market has surged, and small-business optimism has soared a record 41 points to a 39-year high. Was the surge in January due to Biden as well?
We'll almost certainly get a rebound and it won't come remotely close to offsetting the cumulative losses from the Trump crash.
It's all so strange; We're (supposedly) kicking out millions of laborers .... .... at the same time we're bringing back manufacturing jobs ...... ..... with a 4.1% unemployment rate ...... ..... while we're fighting inflation ...... .... by drilling for more oil ..... .....even though 1,000s of drilling permits have been unused for years .. .... and the price of oil continues to tank ...... ...... and for some reason the stock market sees all this and is tanking .... ..... but we'll solve it all with tariffs !!! It's no wonder the market is tanking, the next GDP numbers will be negative, we're heading into a recession, and inflation is not going down. My dog takes shits that understand basic economics better than Donald Trump.
That’s a tough call to make. Historically sell offs eventually turn and the market moves higher. What timeline are you making that prediction under?
You think the short run effects of tariffs are bad; if they do succeed in the long term the way Trump thinks & bring manufacturing back- earnings for those companies that still exist- will get crucified
Corrections happen on average every 13 months. These are healthy and necessary. The largest most liquid names are the ones hurt the most. As redemptions happen for funds/etfs; managers have to unwind these very liquid positions. The equal weight S&P is only trading at 17 times earnings which just grew at 17% year over year. Cash is earning (for now) over 4% but as rates drop that risk free rate will also drop. Lots of cash on the sidelines and when this rips back it could rip back very very fast.
