This is not going to bode well for Trump. The volatility started with tariffs. Now the markets have further spun out of control because of the general perception that the president is too indecisive and unpredictable. Markets hate instability and Trump, so far, has done little to reassure them. One other thing to consider, this all happened under a GOP controlled congress.
There is still time for Trump to recover. But more tariffs and public yelling at the Fed isn't going to get that done.
Dow dives 600 points to below 22,000, S&P 500 enters bear market - worst Christmas Eve ever
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Oh no! Does this mean rich people won’t be able to get richer now!?!?!
I bought some energy at the end of the day.
Saudis and others aren’t going to sit still long for $42 oil, or lower.
The tariffs are being BLAMED - but they are not the primary cause (or even secondary). Rising FED interest rates and a Democrat takeover the the House has a LOT more impact.
Seems to me this all started when we found our the dems were taking control of the house...
GD fed and the GD DemoRats.....all the want to do is Fu Trump and the USA....should be shot ....
Before the midterms there were several talking heads on liberal networks that questioned why Trump wasn’t running on the economy - and had turned to ‘immigration’ as his main issue instead.
It was odd...
Since the MSM hates President Trump this liberal ‘talking point’ was a warning the left was going to crash the markets... I thought their timing was off - and they had ‘missed’ the midterms, but it looks like the left is crashing markets for 2020... which would be a ‘Bill Maher’ dream come true.
“One other thing to consider, this all happened under a GOP controlled congress.”
There is far, far, far too much empphasis placed on either the occupant of the White House or who leads in Congress when some economic event takes place, as if either or them are the only or even the most important factor driving thousands of money decisions the event occurs from.
Trumps tariffs were already factored in, before this. So were many other things concerning the administration. As far as Congress just what do you think “Wall Street” was waiting to hear from them, that it SUDDENLY didn’t??
No. There are bigger and some global money and economic signals the markets are looking at and some are way bigger than who is the White House occupant or who is in charge of Congress now. The Fed decisions have this year been a bigger factor on the market’s than Trump’s decisions.
Most invstment decisions are forward looking, not backward looking so if you are looking for political angles I suggest considering what the markets think NOT of who is in charge now, but what a Dim controlled House is going to mean - that would be forward looking political analysis.
These past few weeks have a great time to collect some cash and prepare for some bargain buys 1st quarter 2019, and get in on the bottom of a new bull market.
The equity markets are not alone. Oil has been absolutely savaged. IMVHO, oil prices scare me much more. Equity markets are essentially a second hand market of shares in companies that frankly have not traded on a rational basis since the 1980s. Oil prices say something scary about the global outlook on oil demand, which in turn displays a VERY negative outlook on the global economy.
The big question is could we see a growing US economy as an island to its own, in the midst of a global recession?
Ever? I think not.
Down 5,000 since October. Another -4,000 to go.
Trump will being doing his job leading America through a Economic Depression.
Powell will be doing his job by “rebalancing” weak spots in the economic system.
Neither Trump or Powell are the “bad guys”. They are just exposing fraud in the system.
Another FReeper loses his ass in the market and blames Trump - instead of the real causes.
Go buy something of value, like real estate and quite giving your money to Wall Street then blaming a president who's done nothing but bring the USA a giant golden goose.
If you do that, you won't need to come here and whine.
So - you merely taking the bait or actually trying to feed it to us? Deep State antics have more to do with it than the tariffs...Fed has more impact and it is obvious that the Fed wishes Trump was out.
The Chinese plan to scare you is working. Don't be manipulated.
MORE TARIFFS AND HIGHER PLEASE.
You’re full if anti-Trump poop. The markets took a dive due to the fed raising rates, not for anything Trump has said.