Dude Trump is in social media bragging about some bs golf tournament he won over the weekend. Imagine the stock market having one of its worst weeks in modern history and the president is bragging about winning some senior golf tournament. Get your head out of your ass man
The Relative Strength Index for the major indices is around 25. That’s supposed to be a good thing. Oversold is under 30 . Higher readings mean overbought. But, in a bear downtrend, these indicators aren’t that useful apparently.
Judging by the people around me, the sentiment is still alive and well. It'll be a good indicator when half of them decide they can't take the pain.
This seems to be low volume scuttlebutt. Institutional on sidelines. Oh...okay...90 day pause from Trump on tariffs being considered except China. This is a joke. We've got a bi-polar president who doesn't play anything straight. Umm...that was a big wave we just rode up and down this AM. Holy cow. I can feel it.
I have to keep telling myself that this isn’t normal so you can’t behave like you have in the past. Idk when it’s safe to return. I said phases but these tariffs haven’t even begun to show up on corporate earnings yet…but it will and it will be like dominoes even on all US product companies
Fake social media news apparently on the 90 day tariff suspension being considered? This is mayhem. So much confusion everywhere. But, EU did say they want to negotiate so that's good. Basically, the markets just had a wet dream.
That just goes to show you how much the markets are going to rip higher if some good news gets announced at some point. I think that's why we're not down another 10% so far.
Wow...retailiatory tariffs of 50% on top of the rest for China because they slapped 34% tariffs on us. Hope you don't need any electronics or computers or whatever. I guess chips aren't included at the moment.
Where can I invest in phone and tablet repair stores? it’s about to be like the Cubans fixing up 50’s cars but with phones here soon lmao
At 10:10 AM ET, rumors emerged that the White House was considering a "90-day tariff pause." At 10:15 AM ET, CNBC reported that Trump is considering a 90-day pause on tariffs for ALL countries except for China. By 10:18 AM ET, the S&P 500 had added over +$3 TRILLION in market cap from its low. At 10:25 AM ET, reports emerged that the White House was "unaware" of Trump considering a 90-day pause. At 10:26 AM ET, CNBC reports that the 90-day tariff pause headlines were incorrect. At 10:34 AM ET, the White House officially called the tariff pause headlines "fake news." By 10:40 AM ET, the S&P 500 erased -$2.5 TRILLION of market cap from its high, 22 minutes prior.
