Stock futures tumbled Sunday night to kick off a new trading month as investors weighed new U.S. tariffs on goods from key trade partners.
  • Pacattack57@lemmy.world
    3·
    5 hours ago

    I’m 100% against Trump but why are people pointing at this and sayin “SEE TRUMP BAD” this is not a bad thing for billionaires. The only people this hurts is middle class Americans who have much of their savings tied to investments.

    This is exactly what they want. All the billionaires are buying right now and in a few months Trump will kick the FED in gear and start printing trillions of dollars just like last time. The billionaires will become richer while the popes get poorer.

    If you have any available cash put it all in S&P 500. You will make some money when everything levels off or trump rescinds the tariffs because “they learned their lesson”

    • Laser@feddit.org
      1·
      59 minutes ago

      The only people this hurts is middle class Americans who have much of their savings tied to investments.

      Also everyone who is somehow affected by pension funds, if I’m not mistaken.

    • tyo_ukko@sopuli.xyz
      1·
      1 hour ago

      It might not be so simple. Once you’ve imposed these tariffs to your allies, you can’t go back to the world where they didn’t exist. Everyone sees this and will remember, it will take a long time to build trust again, including among investors.

      The billionaires will possibly benefit from this, but it’s very risky. If he just wanted to please the wealthy, he could have just gone with some tax cuts and removing regulations as is traditional for the Republicans.

  • eran_morad@lemmy.world
    271·
    10 hours ago

    It could not be any more obvious that his entire goal is to fuck the country in service to Putin. Idiots actually voted for this. Astonishing.

  • yesman@lemmy.world
    71·
    7 hours ago

    600? Wow, is that a lot? I don’t know because I’m not a dumdums capitalist who cant tell the difference between a roulette wheel and the Oracle at Delphi.

    • masterofn001@lemmy.ca
      3·
      7 hours ago

      Well, the oracle just got like 500B and might buy tik tok. So they’re OK.

      Everyone else got a rigged game of Russian roulette - every chamber has a bullet.

  • Rhaedas@fedia.io
    15·
    11 hours ago

    If it just drops around that much, that’s business as usual. But I’m sure there will be drama that fuels more things to come.

    • SketchySeaBeast@lemmy.caEnglish
      12·
      11 hours ago

      That’s really it, it rose 300 pts this week, and 2100 over the last month. 600 pts is just a blip, merely wiping out a week or two, that’s all.

  • adarza@lemmy.caEnglish
    6·
    10 hours ago

    how many in his circus of an administration sold high or short last month?