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.
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.