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.
What scares me is if/when everyone is furious at these motherfuckers - they are going to need a distraction, and they are going to use every fascist trick in the book to do that. Get ready for more scary B reel of scary dark immigrants in caravans, tales of scary “antifa” attacking upright citizens and cops, “burning cities to the ground”, and so we will be told there is no choice but to declare martial law.