Summary
The U.S. stock market has lost over $5 trillion in value in three weeks as the S&P 500 fell 10% from its record high.
The decline, driven by concerns over Trump’s trade policies and slowing economic growth, has led to weaker consumer sentiment and cautious corporate outlooks.
Barclays strategist Emmanuel Cau noted rising uncertainty among investors.
The selloff has also hit AI-related stocks, with Nvidia down 17% and the Magnificent Seven ETF falling 16%.
Pushing down assets is deflationary because nobody has money to spend, therefore they will get a good rate on their gov debt refinancing by the end of the year. That’s what I heard.
All theories on this sound reasonable, but I still think Trump isn’t playing some 4D chess game, I think he is just dumb.
Just got to be president of United States through being dumb. Life is just Hollywood films 😅