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.
Yep. And man, I am already getting sick of bullshit narratives from debbie downer supposed lefties as well as the hard right trying to tell me it was a terrible economy, because that is just a crock.
It seems like it is poised to make what happened in early 90s and again in early 2000s and 2009 a walk in the park…I sure as hell hope that is not the case…but even in the first few weeks of this dumbass, it’s making those comments not age well at all.