In Reply to: S&P still down 7/12 percent posted by russsmith on May 02, 2025 at 15:24:29
The graph in the link is last 6 months S and P
Feb 19 6144 close.
Feb 19 Trump announces he intends to put a 25% tariff on Autos, chips and pharmaceuticals as soon as April 2. And the next day the markets start to sell off and continue down until March 13 when Trump announces he may pause. The markets go back up on optimism he's not a complete and utter moron.
And then on 4/2 he announces the "reciprocal tariffs" and the markets absolutely tank.
We would be at the market highs or higher, if he had not started talking about tariffs.