I'd like to think that some Wall Street people will try to talk sense into Trump this weekend.

They need to try and talk sense into MAGA voters on the streets of Fort Worth, Marietta, Collier County, and Oklahoma City, because as long as the base supports him, he's going to keep doing it. 

The fools buying the dip/dead cat bounce bumped it to only -1,700! But don't worry, it has immediately dropped back down to -2,000.

We're in freefall before markets close!

• Dow −2,236.55 (5.52%).
• S&P 500 −322.36 (5.97%)
• Nasdaq −967.59 (5.85%)

EU should have announced their tariffs today, we could have hit the 7% breaker, damn you, EU! Maybe if Trump doesn't backtrack by the start of next week we could see 7% breaker though. All this damage and the tariffs haven't even started on Americans side and EU hasn't announced their response yet, Lmfao. Art of the Deal is shitting yourself on purpose.

Just out of curiosity, I checked my 401k, which I haven't looked at in a few months. It was up, but that is because my employer pays out matches around this time of year. The actual rate per unit is -2.59%. 

Started this 401k in 2022, this is what the graph looks like for that period. 

And lol it flattened mid-February right after the first tariff threat. 

Probably going to start dropping (I'm wondering if the fact that about 45% is in foreign stocks in softening it a bit, I was expecting worse tbh.) 

Going to check my old one from my last job that I didn't roll-over. Probably same situation. 

I'd be so pissed if I were retired or retiring in the next five years. There probably was going to be a recession anyway (we were due for one), but it needn't become a depression if somebody competent were in office. 

These people just do not live in the real world. 

Suuuuure... as if millionaires and billionaires will put the opinions of poor people over their own bank accounts. Nevermind that the MAGA base isn't big enough to win elections, so they have no leverage.

JPMorgan Chase & Co. said it now expects the US economy to fall into a recession this year after accounting for the likely impact of tariffs announced this week by the Trump administration.

Trump Tariffs to Send US Into Recession in 2025, JPMorgan Says - Bloomberg

Trump is 100% right, these billion dollar companies that use tax loopholes to steal poor people's money and exploit the needy should pay more tax.
Nah just kidding but it's great that Trump is teaching people how self harming it is to tax the productive.

The tariffs are clearly a cover for the US to protect supply lines in the event it kicks off with China. Hopefully Trump doesn't become a prophet.