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.
So much winning.
Billionaires and corporations are absolutely winning, in the foreseeable future.
While yes, the stock market going down is the opposite of “corporations winning”
the pie is getting smaller but the oligarchs are getting bigger slices.
Younger generations should be itching for an entry into the market. Endless up and to the right isnt sustainable and, frankly, our economy is a lot of overvalued fluff to begin with. After decades of cheap money and speculation we are WAAAY overdue for a massive correction. I know I’m supposed to use this time to trash Trump but I swear some people just complain without ever identifying an opportunity to actually help themselves.
Buying in is perpetuating the bubble. Maybe those younger generations should be itching for a livable planet and not a few extra shares of the orphan crushing machine.
Very brave. Let’s all sing kumbaya.
The world is in this shitty situation because we’ve had decades of people taking opportunities to help themselves. I don’t think it’s a radical position to question what good a tiny bit of personal enrichment does.
“Gotta get in there & scoop up grandma’s retirement funds while they’re cheap!”
Gramma should have no guarantee that her assets go up indefinitely. That is a boomer concept. Infinite growth is unrealistic and unsustainable. Hopefully her kids and grandkids will take care of her like they are supposed to.
Why don’t those kids and grandkids invest their speculation money into something that tangibly helps grandma? Why go through the rigamarole of building a portfolio to maybe someday pay for a nursing home instead of funding a food bank or a mutual aid network?
Lol invest Grammas money in a food bank? 😆 Unless the bank is her refrigerator and the investment is groceries you’re just wasting money. You win for most unrealistic solution.
Gramma should live with you when she’s old not go to a nursing home. This is the way it’s meant to be done.
In 2022 nearly 1/10 households with an adult aged 65+ were food insecure.
Speaking of grandma living with you, multigenrational households are more than twice as likely to experience food insecurity.
Is feeding those people wasting money? You’re fine with your grandparents being part of that population if something unexpected happened to you?
Just admit that your solution is “fuck you, i got mine”.
If you are experiencing food insecurity don’t give your money to someone else.
If you have enough money to significantly invest in the stock market you’re not experiencing food insecurity
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.
(extremely reddit voice) priced in
Damn it, who is buying the dip?
11 weeks ago, ‘2023’ was last year.
This isn’t a slump yet. If Dougie shuts off the power to three states, I hope he does it during a break between the “oh no unregulated drinking water had maaaaaaaassive e.coli in it” diarrhea outbreak right when the softwood tariffs have cratered the toilet paper supply the worst.
At that point in time, expect a stark realization of the state of things to cause some sadness to leak into the market too. I predict three northern states fighting for black market TP and shitting prolifically in the dark to really affect the market. But probably, still, not his numbers.
right when the softwood tariffs have cratered the toilet paper supply the worst
Time to invest in bidets.
this isnt a slump yet
Technically we are in correction territory, so id say we are a slump. This isnt the bottom though. Get some puts and ride this baby all the way down. I hit 10x on tesla puts that i bought yesterday. This markets dumb and with the volatility this high, everyone should be making money if they sell when they are green and done diamond hand it
I love this idea that while 60% of the country is living paycheck to paycheck “everyone should be making money” like everyone has money to invest. We are well and truly fucked
I turned $70 into $2k in the last 2 days. It doesnt take much to get started
No offense but that sounds like casino talk. You got lucky. You definitely should not be telling to invest in things they don’t understand with money they don’t have.
Yeah gonna back you on this one, maybe I’m I’ve got a bit too much Scottish blood but the risks involved in it are too high and reliant on an inmate volatility. If ya have the extra cash to spare get a good pair of boots, tools, or equipment which are good investments the difference between a yearly replacement and a bi yearly replacement may very well be 30 bucks.
Also yes I am paraphrasing Sir Terry Pratchett.
Sure, but you see tesla going up on bad news, its not difficult to anticipate its going to come right back down. Im not telling people to throw money away, obviously you need to be educated. Last year i turned 7k into 35k. Took it all out except 700 and am already back to 6k.
Ive been doing this for about 14 years. I have experience and knowledge that someone starting out doesnt. That wasnt my point. My point is, it doesnt take much money to get started.
From a Canadian masterpiece of a videogame:
Like all of you, I was born poor, with but a meager derivatives portfolio and limited vesting options.
…what year do you think it is now?
Based on their comment, 2025.
This brings a smile to my face. My stocks are somehow all steady. The smile is not for those like me losing out. It for all those rich 1-3% who it really hurts. When the orange tumor and his apartheid nazi loses their support then perhaps we can do something that doesn’t equate to civil war.
lol, no. Rich ppl just gonna buy when retail sells. Smart money sold already.
Stable genius getting results!!!
Thanks Trump
wow, pandemic numbers without a pandemic. trump rules…!
imagine what it’ll look like when the second pandemic hits
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 off society”?
I look forward to mainstream media using real words with real meaning, again.
I think that is what the main point is. Brace for extremely hard times.
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.
I hate that going for a meal out is considered excessive, from someone who is in the same boat as you.
Wake me up when it’s worse than 2022.
Hope you like short naps
Looks like I made the right choice pulling most of my 401k out of stock/blended funds and into stable bonds.
About Jan 21st, I moved 50% to “international developed market”, there is 0 stock from USA in the fund.
Looks like I made the right choice by not saving money at all and working until I die.
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
Looks like I picked the wrong week to quit sniffing glue
At least you don’t have a drinking problem
It’s going well with the ‘Make America Great Again’ over the other side of the pond
These are the type of comments I came to read on Lemmy.
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.
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
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.
Right, thats the magic, but its not that easy. No one knows when that will occur.
You have to accurately predict both a high enough point to profit, but also, and much harder, put the money back in when you decide its “low enough”. Look at historical recoveries. You said it yourself, most people aren’t playing the market daily. The folks that are pulling out may miss the recovery by weeks or more because they’re not watching. I know I don’t watch that closely, but I also don’t try to time the market.
Dont chase, “what could have been” because youll always feel like you lost
Isn’t that what trying to time the market is doing? The folks that are pulling out to put in later are attempting to time the market.
I’m arguing the opposite. “Time in the market beats timing the market.”
We have a lot of the same points, but what im trying to drive home is that, “buy low, sell high,” doesnt mean, “buy the lowest, sell the peak.” Markets in correction right now, its generally trending down. Potentially will turn bear market. You dont need to follow daily to know that. Now is as good a time to sell as last week, or the peak. You didnt miss it.
When it goes down more, you dont need to see the bottom. You can wait until it hits recovery or bull market even, and buy back. That point will likely be lower than where you sold even if its not the lowest. You dont need to buy the bottom, but buying lower than you sold is a win.
When it goes down more, you dont need to see the bottom.
So when are you recommending buying back in with your strategy? 1 point lower than you sold for? 10? 100? 1000?
You can wait until it hits recovery or bull market even, and buy back. That point will likely be lower than where you sold even if its not the lowest. You dont need to buy the bottom, but buying lower than you sold is a win.
Unless you miss that point, and you have to buy back in higher than you sold for, and it could be years before its ever low enough for you to “buy back in low than you sold”.
If you buy back in when its higher than your arbitrary threshold, but then drops back down again the next day, do you sell again?
I went almost 100% cash recently. I’m waiting for another 10% decline in the sp500. Then reassessing. Probably start buying back gradually.
Never thought I’d time the market with this much of my money. In ‘07, I didn’t sell. I shoveled as much as I could into that furnace. This time truly is different, though. The prez works for a foreign adversary.
I wish you luck. This is the fourth huge stock selloff in my lifetime, and for none of them did I accurately predict the recovery.
The right time to go back in is whenever this admin is done, there is no “low” when the floor keeps falling out.
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?
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.
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).
If you can’t even understand that I am obviously not including things like stock splits, then I don’t think my comment was intended for you.
If you’re holding the opinion that simply the number of shares of something is more important that the total value of dollars those shares represent, I’m not sure who your audience is for your comment to be intended for.
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
You can never time the lowest point.
You’re cheating this exercise. We were talking about properly guessing when to buy back into the market, and you’ve predicated your solution with this:
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
This presupposes you’ve already sold to a cash position prior to the fall. So that would be accurately timing the market at the best time to sell off. If you sold even a month ago, you would have already incurred a loss from the highest peak value. You’re arguing against the parent post about selling off all stocks to a cash/bond position today. You’re both depending on a close-to-perfect timing of the market. He’s depending on buying in at the low, you’re depended on knowing when the high was to sell.
Also, I think its sound thinking to always be suspicious of anyone’s claim saying “What you can do however is guarantee yourself a massive gain” when talking about investments. There is no such thing as a guarantee in investing.
That’s great, until our money is worthless and hyper inflation sets in. Nothing will keep your money safe from that.
That is a good point. I think Turkey is a good example of that happening right now. I don’t know that they are technically an example of hyperinflation, but they have had extremely high inflation.
Thanks trump.
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.
Buy it with what? Billionaires don’t hold money, their valuation is all in stock value.
I think you’re giving them too much credit. Never attribute to malice that which can be explained by incompetence.
The billionaires don’t pay for their supercars, luxury mansion, security details, cesspool social media sites, and private jets with stocks my man. They have plenty of liquidity to go around.
Can you define “rock bottom prices”? – asking for a friend.
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.
The best we can do is to quit as soon as your company gets purchased. What they are after is the people. Specially the key role people.
Don’t document your process. Fix things without opening change requests. That way if you assemble things the quality will drop when you leave.
If you’re in a key role, just quit. Don’t go fucking around by deleting data. It’s better to make up data instead that seems real but is not. Never write an email that is personal or has anger in it because, even if you don’t send it, it gets saved. Same for your teams messages. You want to stay in the industry, but just quit if your company gets taken over by a billionaire.
Yeah, almost seems like it. I am convinced they are at least doing something like the “Mar-a-Lago Accord” to devalue the dollar, unseat the USD as the global reserve currency, inflate debt away, and make wages low enough and people desperate enough so more manufacturing is viable in the US again.
Its almost like it can’t forever be going up…
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.
Investor bros always pull this line out.
The stock market is more than 30 year olds who can put a extra 100k into it and wait.
A lot of people’s 401ks are tied to this shit, jobs are tied to the market, investments are tied to the market.
It’s a lot more complex than “buy the dip bro!”
Almost like someone actively causing instability with bad economic policy and stirring global political instability would cause it to go down.
But… But line. Line go up.
Youre telling me that exploiting the workers, making life horrible and expensive for the middle and lower class while giving tax breaks to the ultra wealthy makes the line not go up?
B… But line. Line go up!
Thanks trump. (if he can take credit for Biden’s economy then he can take credit for his ineptitude too)
This isn’t because of Bidens ineptitude though. This is entirely Trump’s fault. Anyone with half a brain could predict this after attacking our allies and bringing up the tariffs.
The tarrifs are 100% donnie.
