For wildly differing reasons, neither Trump nor Powell will ever do anything to help out regular people in the US. They both are looking to maintain the status quo of wealth concentrating in the 1%. Trump has no idea this is the case, of course. So I have trouble really worrying about this whatsoever, because fuck all those people. Now excuse me, whilst I increase my 401K contributions.
Well Powell has the “dual mandate” of price stability and low unemployment, so by definition its his job to maintain a stable environment. So that must be pretty interesting right now lol.
Same mentality got us Trump’s second term.
I see a title about uncertainty for stocks, I open the market and I see S&P500 is in the green. 🥲
There are up days even in a depression. You have to look at trends over months (at the least)
Both the Dow & S&P are down around 8% from this time last month. Dow’s down 7 YTD, and S&pis down 10. Green today, red for the year so far.
And it’s not like we don’t know what caused it.
