Update: Annnnnd It’s Gone! Didn’t even last a day, folks. As long as this criminal administration remains in power, the economy is all downhill from here.
Updated headline 1: Live updates: US stocks give up an early gain as clock ticks down to Trump’s new tariffs
Original headline: US stocks rise as global financial markets show signs of relief
Original post body: Huge shout-out to AP News for providing context and saying the loud parts, even if quietly.
Today’s sudden market rise follows a historic pattern: Some of the best days in the market’s history have been clustered around some of its worst days. The biggest gain for the S&P 500 since World War II was an 11.6% surge on Oct. 13, 2008, for example. That was during the depths of the Great Recession.
Emphasis mine.
Great points! And these price increases aren’t just important for the consumers. Profit margins are thin enough as it is. Entire businesses will close because they simply can’t afford to continue operating.
A sudden 10-100% increase in cost of materials will cripple the very industries these tariffs are supposed to “protect”!