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 time for dialogue is over. The party of ‘facts over feelings’ have proven to be incapable of proper reasoning.
They are all vibes, and accuse others of being the emotional ones.
It’s nothing but DARVO.