Backs down for a few days Also I'm mad that Tesla is up at 272 now from 221 earlier this morning
this post was submitted on 09 Apr 2025
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As if anyone is going to start buying Elon's crap cars again just because Trump suspends some tariffs.
"Soar" is a strong word when you consider they were higher less than a week ago. Can't wait for the next thing he says to drop the market before the weekend so his boys can get in on the next pump and dump. He literally tweeted "NOW IS A GOOD TIME TO BUY" right before he paused the tariffs.
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This is kind of funny tbh
Are we sure this wasn't a pump and dumb scheme by the administration?
It is a dump scheme. Only
Trump literally said "it's a great time to buy".
So, yes, it is definitely a pump and dump, but it's not only a pump and dump.
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Oh boy all this uncertainty is surely good for their precious economy.
Isn't the 10% still active? This is the oldest negotiation strategy in the book..
The market reaction is dumb. 90 days bus very little for companies to adapt when years are needed.
I think this but it's just the people seeing his tweet immediately before he lifted the restrictions.
Looks like we are still heading for recession and Treasury bills interest is still jumping up.
I think this but it's just the people seeing his tweet immediately before he lifted the restrictions.
Market doesn't know if the tariffs are even coming back, and are taking the chance to buy back low.
He suspended it for 90 days and also previously threatened that there will be more, so we don't even know if next week there won't be new tariffs.
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I agree this is just market euphoria. We have a lot of systemic issues that have been exacerbated and/or entirely created by Trump.
The core problem is Trump full stop. He is sitting in the White House with nothing but “Yes” men in his cabinet. It’s only a mater of time until he releases his next scheme on the market.
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One part is a reverse game of chicken, buy the dippest dip to realize most profit from less dippy dip buyers.
The other part is the assumption that this means the tariffs will never actually come or at least in a much relaxed form.
The vibe I get is that most elites really don't want to believe the president could be dumb, because that means they could be too. Elites own and/or work with a lot of stocks, and that extends to their investing decisions.
So they figure, sure, it must just be a 4D chess bluff.
And you really think "the elites" are the ones buying and selling here?
Yes, they have a lot of wealth in stocks, but usually they simply own a large chunk of their (or their parents) company and the rest is managed by a fund manager. And if you have millions or billions, you don't need to think quarter to quarter.
Wealth is a continuum; there's no actual dividing line, like is commonly thought. But just personally, the posher people I know are less bearish, and it looks like the trend continues once you get even higher. Big fund managers tend to be in the picture. I don't know off the top of my head how much movement is professionals and how much is retail investors.
I feel the need to disclose that I'm personally short on the US, relative to other markets.
Edit: And I should also mention the myth of meritocracy has a wide following, it's just extra favoured by the people who would be implied to have merit by it. And there's the fact that most people came up in a time where this sort of thing never happened, so there's normalcy bias on top of it all.
and the rest is managed by a fund manager.
This is one area I'm ignorant on that I wish I knew more. How are these daytraders or fund managers avoiding capital gains taxes? When they are liquidating a position as they are selling securities, they are trying to preserve prior gains. At best aren't they getting hit with 15% capital gains taxes on the sale? If so, the fund manager has to believe they will lose more than 15% to justify the transaction right? Again this is best case assuming they've held the security for more than a year. Short term capital gains taxes can be as high as 37%!
I understand folks making these vast swinging trades in their IRA or 401k where they are immune to capital gains, but how are fund managers (or regular retail after tax investors) making these wild swings without being eaten alive by taxes?
You are taxed on the gains, not on the total sale volume.
So if I buy something today for $5, and sell it tomorrow for $6, I pay the 37% on the $1 of gain.
So my takeaway is $5.63, not the $3.78 it would be I was taxed on the full sale.
It's also worth noting that capital losses can offset gains. So if I made $1000 on one trade, but lost $1000 on another, my effective tax is $0, because I didn't make any money.
This can get squishy though, as there are a lot of accounting loopholes you can do to count things as "losses" that are more losses on paper than actual losses.
You are taxed on the gains, not on the total sale volume.
You're right, of course, I didn't write that well. I'm in for the long term and don't usually think about the smaller gains usually in short term. For me, even just the long term gains are substantial with the 45%-ish increases in value in the last couple of years prior to trump.
It’s also worth noting that capital losses can offset gains. So if I made $1000 on one trade, but lost $1000 on another, my effective tax is $0, because I didn’t make any money.
I knew this part too, but if a hedge fund/daytrader is doing this enough that their capital losses offset their gains, then they would be a pretty worthless hedge fund manager/daytrader, right?
This can get squishy though, as there are a lot of accounting loopholes you can do to count things as “losses” that are more losses on paper than actual losses.
This is the part I'm ignorant about, I think.
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Is there anything that Trump can't do?
Make rational decisions relating to trade.
Lots. Math, logic, leading a nation, golf, speak, charm, stay on the good side of the law, make friends...can't be bothered to continue..
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Thos whole thing is so fucking stupid.
Like the majority of muricans
as a 'merican... i feel that
but also I'm Lakota and I'm fucking laughing
For 90 days, if he can resist changing it again that long.
I'm also pretty confused about how Canada and Mexico fit into this, because they said we're included in the rollback to 10%, but we weren't in the original "liberation day" tariffs in the first place.
35% Tarriffs on eu/Asia and 104% Tarriffs on China is still a recession. Other countries arent removing their Tarriffs
The only positive thing this did was show that Trump is weak, so hopefully he'll stay at these rates and maybe he'll be out by the end of the year
"Soar"
Looks back a month to compare
Falling without style?
First thing I thought. Even after today, the S&P 500 is down 5% on the month and 10% since Trump took office
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I guess y'all think 90 days is enough time for China to back down and for all of your manufacturing and supply chain to spin up?
He could change his mind on a fart tomorrow.
Farce.
Can’t wait to see the demands for DEI removal from sovereign nations to avoid tariffs. Or more energy blackmail.
🖕
I wouldn't be surprised if the US moron brigade demands from African nations that they shouldn't hire black people anymore.
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Penguins 1 - USA 0