Trump won. He tweeted for his followers to buy stocks, right before announcing a major pause on most tariffs, leading to a massive surge in the US stock market. This is textbook market manipulation. DOW is up +2960, s&p +9.5%, even tesla +22.7%. Congress, as usual, will do nothing about it. He is going to get away with it, and there is nothing we can do. The stock market is now officially a meme stock.
This is the end of an era.
Sources:
"THIS IS A GREAT TIME TO BUY!!!"
Tariff announcement, shortly after
Edits: My post isn't emotionally driven, as pointed out by several commentors. I sold my puts as soon as Trump hit office. By "Trump won", I meant he is going to get away with it, not that he necessarily benefits from this trade war. Trump left the baseline 10% tariff as well as the tariffs on China. Because of high post traction (4.5 million views as of 2 hours after posting this), my individual replies are taking ages to send. Have a nice day, all.
[link] [comments]