trumpcession

The world’s most widely followed #StockMarket benchmark slid into a correction on Thurs, a drop that underscores how the 2-yr-long bull market [#Bidenomics] is running out of steam in the early days of the #Trump admin.

The move stems from investors’ growing pessimism about the whipsawing policy pronouncements from Trump over the past few weeks. On-again, off-again #tariffs & #MassLayoffs of #FederalWorkers have fomented unease on #WallStreet.

#economy #Trumpcession
https://www.nytimes.com/2025/03/13/business/sp-500-stocks-market-correction.html?smid=nytcore-ios-share&referringSource=articleShare&sgrp=p&pvid=2AF81A08-DB10-4E54-BA71-32F938B4D01C

Markets in Q1: #ETTTTS

Whereas the major risk back in Jan was that #Trump's 'America first' policies would push #inflation back up & prevent #US interest rate cuts, now the most important risk is #recession risk.

That has spun the $140T global bond #market 180°.

#Gold, the ultimate safe port in a storm, has had its best quarter since 1986 due to Trump's #TradeWar & the #dollar is flirting w/its worst start to a year since the 2008 global bust.

#economy #trumpcession
https://www.reuters.com/markets/us/global-markets-q1-analysis-pix-2025-03-30/

U.S. #stocks tumble on global #TradeWar fears over new #tariffs

#Trump's sweeping tariff announcement Wednesday triggered a sharp drop in U.S. stock markets, a flashing-red warning sign of the economic fallout that's expected to result from the widening trade war.

The Dow Jones Industrial Average tumbled over 1,200 points, or 2.9%, Thursday within minutes of the opening bell. The broader S&P 500 index sank 3.4%.

#economy #recession #trumpcession
https://www.npr.org/2025/04/03/nx-s1-5350576/u-s-stocks-fall-tariffs-global-trade-war

What was #UAW thinking backing this plan?

#Trump’s 25% #tariffs on imported vehicles, which went into effect last week, are already sending tremors through the #AutoIndustry, prompting companies to stop shipping #cars to the #US, shut down factories in #Canada & #Mexico & lay off workers in #Michigan & other states.

#Trump #economy #inflation #recession #layoffs #trumpcession
https://www.nytimes.com/2025/04/08/business/trump-tariffs-cars-auto-industry.html?smid=nytcore-ios-share&referringSource=articleShare&sgrp=p&pvid=3CE332E7-38CB-491F-BBE5-4C54F080388D

Spooked By #TradeWars, #Trump Officials Hoard Supplies: ‘IT WOULD BE STUPID NOT TO!’

Some Trump admin officials are stockpiling toilet paper & food before Trump’s #tariffs cause prices to skyrocket

By ASAWIN SUEBSAENG

#US #economy #inflation #recession #trumpcession
https://www.rollingstone.com/politics/politics-features/trump-officials-hoarding-supplies-trade-war-tariffs-1235329235/