S&P 500, Nasdaq drop as tariffs spark recession fears
reuters.com
reuters.com
No real gains in productivity or value since 2016, just inflation.
S&P is actually up as of time of the posting of this story on "HN new".
NASDAQ is the only laggard, but it's still been going up all day like the rest of the indexes.
What does it all mean? Beats me, but I was wondering if all of this wasn't "priced in" to begin with.
And generally it seems most experts say there's no real predicting the market.
I think real measured growth will be slowed by these tariffs but that will take some time to really know.
However, regardless some of this is just sensationalizing which can produce some volatility which can be exploitded by large traders.
I think for many it's hard to comprehend how large the American market is compared to just about any other country and while things are shaky with recent news it's overall not going to hurt the overall American market as is feared.
Again I am no expert and everything may just rapidly crumble and the dollar becomes worthless.
More likely: any headline about "why" the numbers are moving should be taken with a grain of salt.
The markets tend to be overly inclined to take a "nothing ever happens" position; I would expect that the tariffs _still_ aren't fully priced in (actually, they _shouldn't_ be, as they have not yet happened and are not guaranteed to happen).
1. “X happened”
2. “Because of Y”
They usually get the first bit right—the facts. Unfortunately, they frequently BS the second part.
Oddly this time I’m not even sure the facts are right on observation of today’s market.
At best the link between x and y is tenuous, and at worst it makes no sense to cause x didn't even happen.
See this one and it's a head scratcher, see it a few times and it's suspicious, see it 100 times and it appears insidious.
It's a shame. I think Reuters used to be trustworthy.