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submitted 11 months ago by breakfastmtn@lemmy.ca to c/news@lemmy.world

US stocks were sharply lower Friday as investors digested souring consumer sentiment and inflation data that showed an uptick in one of the Federal Reserve’s key gauges, underscoring the delicate state of the economy as businesses brace for President Donald Trump’s tariffs.

The Dow tumbled 750 points, or 1.77%, on Friday. The broader S&P 500 fell 2.1% and the Nasdaq Composite slid 2.8%.

. . .

Wall Street was also grappling with Trump’s announcement on Wednesday of 25% tariffs on all cars shipped into the US, set to go into effect April 3. Trump also announced tariffs on car parts like engines and transmissions, set to take effect “no later than May 3,” according to the proclamation he signed.

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[-] Ironfist@lemmy.ca 128 points 11 months ago
[-] Maeve@kbin.earth 67 points 11 months ago

Billionaires and corporations are absolutely winning, in the foreseeable future.

[-] mindaika@lemmy.dbzer0.com 8 points 11 months ago

While yes, the stock market going down is the opposite of “corporations winning”

[-] uuldika@lemmy.ml 23 points 11 months ago

the pie is getting smaller but the oligarchs are getting bigger slices.

[-] q5VtXnYt@infosec.pub 5 points 11 months ago

If you bet on falling stock prices you can still get richer. Especially if you do not give a fuck about what companies you bet on. Or workers. Or society.

[-] Asetru@feddit.org 96 points 11 months ago* (last edited 11 months ago)

We also believe the dynamic macro environment has contributed to a more cautious consumer

Am I getting this right? Is this double speak for "the government is fucking up so badly, people try to save some wealth for the inevitable fall of society"?

[-] Wilco@lemm.ee 38 points 11 months ago

I think that is what the main point is. Brace for extremely hard times.

[-] courageousstep@lemm.ee 9 points 11 months ago

I look forward to mainstream media using real words with real meaning, again.

[-] empireOfLove2@lemmy.dbzer0.com 54 points 11 months ago

Looks like I made the right choice pulling most of my 401k out of stock/blended funds and into stable bonds.

[-] Semi_Hemi_Demigod@lemmy.world 88 points 11 months ago

Looks like I made the right choice by not saving money at all and working until I die.

[-] SpaceNoodle@lemmy.world 65 points 11 months ago

Looks like I picked the wrong week to quit sniffing glue

[-] SilverCode@lemm.ee 18 points 11 months ago

At least you don't have a drinking problem

[-] Wilco@lemm.ee 8 points 11 months ago

These are the type of comments I came to read on Lemmy.

[-] Lanske@lemmy.world 8 points 11 months ago

It's going well with the 'Make America Great Again' over the other side of the pond

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[-] empireOfLove2@lemmy.dbzer0.com 19 points 11 months ago* (last edited 11 months ago)

Bro just quit buying avocado toast and pull yourself up by them bootstraps, you're just not working hard enough bro get on the grind and then you can maybe retire in a slightly larger cardboard box

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[-] partial_accumen@lemmy.world 23 points 11 months ago* (last edited 11 months ago)

Looks like I made the right choice pulling most of my 401k out of stock/blended funds and into stable bonds.

You've made HALF the right choice. You "sold high", which is great!

However, the harder part is knowing when to go back in for the "buy low" part. If you're out of the market when that recovery occurs you'll be missing out on those gains. I've look at historical recoveries and can tell there is no way I'll know when that time is. I will guess wrong every time.

I hope you're better at it than I am.

[-] Sc00ter@lemm.ee 8 points 11 months ago

Most people arent playing the market daily. Especially in something like a 401k. You dont need to time the bottom. We're already in a correction, and its still going. You can wait until the market recovers, and as long as you buy back at a price lower than what you sold, call it a win.

Dont chase, "what could have been" because youll always feel like you lost

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[-] alvvayson@lemmy.dbzer0.com 8 points 11 months ago

Timing the exact top and bottom is impossible, but you can always sell at an all-time high and buy at a 52 week low.

Personally, I find it more effective for myself if I frame it in terms of "owning the most shares" instead of "making the most dollars".

If I started with 100 shares and now have 200 shares, I consider that a win, even if the 200 shares together are worth less than the 100 shares were at one time.

[-] partial_accumen@lemmy.world 9 points 11 months ago* (last edited 11 months ago)

Timing the exact top and bottom is impossible, but you can always sell at an all-time high

An all-time high? So on point over the prior record and you sell?

and buy at a 52 week low.

I'm not understanding your strategy here. What are you accomplishing by putting your money back into the market at the dollar figure equal to the lowest value in the last year (52 weeks)? Especially if you sold at one point over the prior record (the all time high) you could be out of the market for years while stocks are on a rapid increase. The last 2 years of the S&P500 were both north of 23% returns back to back. Using your method you would have sold sometime in 2022 losing all those HUGE gains.

What if the recover occurs prior to stocks ever hitting the 52 week low? You'd still be out of the market and will have missed the recovery.

Personally, I find it more effective for myself if I frame it in terms of “owning the most shares” instead of “making the most dollars”.

If I started with 100 shares and now have 200 shares, I consider that a win, even if the 200 shares together are worth less than the 100 shares were at one time.

This confuses me even more. Number of shares is completely irrelevant. Stock splits double shares (and half values), a reverse stock split would double value (but half number of shares). I mean, if you're just interested in number of shares, you do you, but most people use stocks as an investment vehicle where the value of those stocks is primary value (voting rights being a second value but most people don't care about that).

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[-] CaptDust@sh.itjust.works 5 points 11 months ago

The right time to go back in is whenever this admin is done, there is no "low" when the floor keeps falling out.

[-] partial_accumen@lemmy.world 6 points 11 months ago* (last edited 11 months ago)

That sounds like a rational answer. Stock markets are not rational. Also, who's to say the next admin isn't just a carbon copy of this one?

[-] independantiste@sh.itjust.works 5 points 11 months ago

You can never time the lowest point. What you can do however is guarantee yourself a massive gain over the next few years when the stocks inevitably go back to pre-trump levels by buying it now, which is already much lower than it was 2 months ago

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[-] KulunkelBoom@lemm.ee 42 points 11 months ago
[-] pleasegoaway@lemm.ee 30 points 11 months ago

The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.

All is going according to plan.

[-] RememberTheApollo_@lemmy.world 6 points 11 months ago

I have an acquaintance that works for an old money, very wealthy family from oil money. The kind that influences regional as well as national politics. He worked for them during the last major recession in the late ‘00s. He basically said that his employer and all their buddies were running all over the world buying everything they could “like it is a fire sale” during the recession.

So yeah. This is how we get more billionaires, more oligarchs, and more meta national corpo monopolies where one company controls multiple brand names.

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[-] pjwestin@lemmy.world 38 points 11 months ago

I find it deeply funny that fascism is completely compatible with capitalism (it's arguably its end-state), but they're still tanking the economy because Trump doesn't understand tariffs.

[-] CheeseNoodle@lemmy.world 29 points 11 months ago

Fascism ultimately tanks any system because it prices loyalty above all else and you inevitably end up without any compitent people in charge.

[-] pjwestin@lemmy.world 8 points 11 months ago* (last edited 11 months ago)

Yeah, for sure, fascist regimes have a pretty short shelf-life in general because of cronyism and incompetence. I'm just saying there's nothing inherent to fascism that should be tanking the economy right now in the way, say, a communist revolution would by causing capital flight. If he wasn't pushing the worst, most unnecessary trade war in history, Trump could have a strong economy right now.

[-] charade_you_are@sh.itjust.works 33 points 11 months ago

wow, pandemic numbers without a pandemic. trump rules...!

[-] match@pawb.social 16 points 11 months ago

imagine what it'll look like when the second pandemic hits

[-] some_guy@lemmy.sdf.org 19 points 11 months ago

I told my partner that we needed to stop excessive spending like going out to eat while the economy is so uncertain. She was ok with that. I'm not feeling great about our (collective) future. Sigh.

[-] ThomasCrappersGhost@feddit.uk 4 points 11 months ago

I hate that going for a meal out is considered excessive, from someone who is in the same boat as you.

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[-] M0oP0o@mander.xyz 18 points 11 months ago

Honestly, kinda surprised it is only dropping this much. Would have though the collapse of the free world as we know it to have more of an impact.

[-] aeshna_cyanea@lemm.ee 6 points 11 months ago* (last edited 11 months ago)

(extremely reddit voice) priced in

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[-] KulunkelBoom@lemm.ee 13 points 11 months ago

Thanks trump. (if he can take credit for Biden's economy then he can take credit for his ineptitude too)

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[-] borokov@lemmy.world 11 points 11 months ago

Meanwhile, the CAC40...

[-] griff@lemmings.world 11 points 11 months ago

Stable genius getting results!!!

[-] Sixtyforce@sh.itjust.works 11 points 11 months ago

It's hard to lie about stock prices, let's watch them continue to shout their propaganda as the riots start.

[-] Blum0108@lemmy.world 33 points 11 months ago
  1. They inherited Biden's economy

  2. trump can't affect anything so soon

  3. It would be worse under Kamala

  4. We'll just have to suffer a little pain while trump fixes things

Take your pick of weak excuse

[-] Fedizen@lemmy.world 15 points 11 months ago

At this point the people that still like trump would happily live in a cardboard box as long as people they didn't like were denied a cardboard box

[-] groolthedemon@lemmy.world 7 points 11 months ago

His supporters would clap and cheer in the dark while he unscrews the last lightbulb.

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[-] hark@lemmy.world 10 points 11 months ago

Wake me up when it's worse than 2022.

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[-] queermunist@lemmy.ml 10 points 11 months ago

since 2023

So what's the explanation for why stocks dropped so much in 2023?

[-] crusa187@lemmy.ml 8 points 11 months ago

Inflation was part of it, also the Russian incursion into Ukraine was sparking fears of ww3.

The actions of this admin are reigniting those fears and we’re witnessing similar results in the market.

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[-] PattyMcB@lemmy.world 10 points 11 months ago

OMG... Trump was lying about fixing the economy? Please say it isn't so!

[-] HubertManne@piefed.social 7 points 11 months ago

Its a bit higher than the low it hit two weeks backish on the 13th. Its significant because the bit of recovery petered out and in the past little false recoveries like this was the stair step down that made it into a truly crashing market. It did not so far though fall below the low of the recent drop but it is pretty close to it.

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[-] MellowYellow13@lemmy.world 7 points 11 months ago

Thanks Trump

[-] OhVenus_Baby@lemmy.ml 7 points 11 months ago

Its almost like it can't forever be going up..

[-] RememberTheApollo_@lemmy.world 7 points 11 months ago* (last edited 11 months ago)

Almost like someone actively causing instability with bad economic policy and stirring global political instability would cause it to go down.

[-] Bakkoda@sh.itjust.works 5 points 11 months ago* (last edited 11 months ago)

Except if you follow very basic economic policy and buy low/sell high a recession/major correction is just a buying opportunity. Think new game+ mode, now you extra stonks on your new playthrough.

Clarification: I'm talking about banks causing collapses as a way to consolidate. Not wallstreetbets shit.

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this post was submitted on 28 Mar 2025
741 points (100.0% liked)

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