|Just want to point out that this is the greatest decline we have seen in decades. The greatest I tell you.|
The stock market's start to the second quarter was its worst since the Great Depression.
With the S&P 500 closing down more than 2.2 percent Monday, the broad market index posted its worst start to April since 1929, according to S&P Global.
I'm not an economist, and I'm shit at math, but that's bad right?
Which is so confusing because I could have sworn that I heard Donald Trump just yesterday bragging about this being the best economy EVER.
Which is especially odd since this seems to be Trump's fault directly.
Courtesy of The Guardian:
The opening salvos of a tariff spat between the US and China that some observers fear could escalate into a full-blown trade war sent jitters through Wall Street on Monday.
Stock markets fell after Beijing hit back against Donald Trump’s imposition of tariffs on Chinese steel and aluminium with a swath of retaliatory duties on 128 imported American products, including pork and apples.
The Dow Jones tumbled by more than 730 points, or 3%, to 23,368 as a selloff swept the New York market but recovered to end the day down 459 points, or 1.9%. The wider S&P 500 index was also down 2.3% and the tech-focused Nasdaq shed 2.74%.
Man, it's almost like he has no fucking idea what he is doing.