House Minority Leader Hakeem Jeffries (D-NY) dubbed Wednesday "Recession Day" ahead of President Donald Trump's scheduled announcement regarding tariffs.
I don’t think it’s been a bull market, but I think everyone has been bullish in that they don’t think Trump will follow through with blowing up the economy. But given he just announced 10% tarrifs on everything I think the market has been foolish.
Honestly if the markets would realize he’s serious they might have avoided this. A huge drop earlier on given his tariff talk might have helped avoid this.
I don’t think it’s been a bull market, but I think everyone has been bullish in that they don’t think Trump will follow through with blowing up the economy. But given he just announced 10% tarrifs on everything I think the market has been foolish.
Honestly if the markets would realize he’s serious they might have avoided this. A huge drop earlier on given his tariff talk might have helped avoid this.