Summary

Despite Trump’s 2024 warnings of a market crash under Biden, the S&P 500 is experiencing its worst start to a presidential term in modern history under him, dropping ~15% since Inauguration Day.

This plunge, largely attributed to Trump’s aggressive tariff policies announced post-election (“Liberation Day”), is pushing the market toward bear territory faster than any predecessor since 1957.

The Nasdaq is already in a bear market, and economists increasingly warn the tariffs could trigger a recession impacting widespread stock ownership.

  • rebelsimile
    link
    fedilink
    arrow-up
    4
    arrow-down
    2
    ·
    26 days ago

    You’re going to earn “world’s fucking stupidest people who’ve ever existed” pretty soon, be patient. Give your boy another week.