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.
Fitting for the worst president in modern history.
So far
Ugh, yeah, that’s true. I’m optimistic that it’ll die with him because I figure no one else could possibly be this shitty, but he’s probably just opening the door for someone who will do more damage.
The only way we don’t end up with worse is if it ends so badly for him that all the other scumbags-in-waiting decide to pick a different career path.
That seems incredibly unlikely. The only chance to stop it without massive, era-defining pain, suffering, and bloodshed would be a stunning and complete mid-term rout that guaranteed successful impeachment for Trump and Vance as well as the Supreme Court.
I only have so many fingers I can cross
Get the toes crossed first.
President Don Jr. inheriting the fascist crown
Yeah I guess he’d be the next one coming in to rule over whatever is left of the country.
I thought that about George W Bush so…