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.
We have Peter Navarro, er “Ron Vara” and donvict playing America’s version of economic Lysenkoists…it will take longer for the likes of Bobby Brainworm’s Lysenkoism to start killing more Americans than donvict did during Covid.