Why does the market like this? Tariffs are in place and unpredictability is now the norm. Tomorrow something new crazy will come out and then the next day and the next day. Even if US markets like this right now, the long term damage has been done. Betting on the medium-long term seems questionable at best.
The market doesn't like this. All the professional investors got out ages ago (check out Berkshire's dumping) and are dumping to bagholders. Large fund holders are hanging on because they still make fees and it keeps their AUM up there and everyone else is dying at the same rate. Foreign investors are pulling bonds out because the currency is at risk. The market is being manipulated daily and there is no involvement from SEC. There is only risk left. Confidence is gone.
It is the textbook definition of a fucking shit show.
You're making me feel better about missing the bump today. I got out over a week ago before things went completely bonkers. Was planning on getting back in when I had a sense the volatility had diminished.
Came back from a meeting to find things were halfway back to where I sold and started to feel bummed.
The market doesn't know anything, the people who are trading are trading on FOMO and sentiment, because valuation is completely unpredictable when the global economy is being dictated by one man.
It doesn't; S&P500 is now at like 5400 vs nearly 6200 a couple of months ago. It's just that it is clearly not _as_ bad as it was earlier in the week.
And honestly you'd wonder how much this is being held up by confused retail traders; looking at WSB, say, many of them seem to think that tariffs are back where they were a few weeks ago (they're not; the 10% thing is staying, and of course there's China).
The unpredictability was already priced in. Markets were down substantially from january even on april 2nd. The tariffs are also being priced in, since the markets are still down from april 2nd. Nothing trump has done is good, it just isn't as bad as it could have been.
