I know Trump is much smarter than me when it comes to business but why fix what's not broken. The economy and the market were doing just fine. You have to know these countries are not going to sit back and not do anything. I'm afraid the common people will feel the brunt of this especially if you have money in the market for retirement. Maybe someone smarter or more versed can explain?
Because he's convinced himself that an idea that is 135 years old will work today, which it won't.
It was the same when 40% of the people gave favorable ratings to Biden. Granted there are the political idealogues but who were these people?
I think the trade problem is real. Other countries have unfair trading practices that put US exports at a disadvantage. The problem is that they know they can counter any US tariffs with their own tariffs and create short term havoc to counter Trump's bluff. So far Trump hasn't had the backbone to stick with the tariffs or cave and give them up. The worst-case situation is to put them on and take them off without getting anything in return. Tariffs are only going to work if other countries believe Trump is willing to absorb the short-term losses and stick to them in the longer term to make them feel the pain. The inconsistency creates chaos and instability that is crushing the market. In Trump's first administration he made a lot of good economic policies. He has been an absolute disaster so far in his second term.
What unfair trading practices are you referencing? Try living next to a superpower that arbitrarily changes direction every four years. It breaks my heart that we went to war with you in Afghanistan after 9/11 only to be treated horribly and threatened with annexation by someone who wouldn't serve in the military because he had "bone spurs." I agree that his administration is "an absolute disaster." It scares me to think what comes next.
The market itself is beyond comprehension, no matter what genius is president.
My Finanancial guy convinced me to move my money out of an annuity due to low performance/outrageous yearly maintenance fees a month ago; he told me yesterday "When you get your quarterly statement next month, just toss it, don't even open it."
Almost every country in the world imposes tariffs on US goods or places other conditions that make it almost impossible to sell American made goods in those countries. In the meantime, the economies of these countries are largely dependent on selling us their own goods. In addition, the US absorbs the enormous expense of defending these places with our military either directly or indirectly while these countries pay almost nothing for their own national defense. Often charging the US for the privilege. The US has been wealthy enough to carry this burden for decades but at $38 trillion in debt, something has to give.
I thought I was the only one; some guy GSA or GWB or IOU is the frontrunner for the MVP, wouldn't know him if I fell over him.
I read somewhere that Canada has the largest coastline of any nation on earth; and has a whopping 4 submarines to patrol it.
To further my point; after doing some digging, Canada again has the largest coastline in the world.....and 29 naval vessels, their navy is ranked 40th in the world, while we have 475 naval vessels and we're ranked 2nd behind who else, China.
And as Americans, we appreciate that Canada had our back in Afghanistan after 9/11 when our country was attacked.
Stock price movements are highly capricious (random, even?). That said, earnings play an important role in shaping a stocks trajectory, vis-a-vis future expectations. By the time financial results are released, expectations are fully baked in. If the company surprises on the upside, that’s generally good. And bad if they surprise on the downside. However it’s also about guidance. If the CEO says that future earnings, while still positive, have started trending at a RATE less than what is expected, that will generally tank the stock. And vice versa. Of course there many other factors that may also have effect.