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.
They are pretty conservative now though. It sounds liberal but they slip misinformation and doubt in to make everyone more moderate. Plus sensational claims that lend credibility to right wing critique. That shit works like a charm on my parents, they’ll say “we hate Trump. But you have to admit Joe Biden wasn’t fit for office, he had classic early dementia… Kamala just didn’t seem experienced enough”. They voted Democrat but there’s more doubt and misinformation now, they’re smart people too ☹️