Well, I think it's about time we call a spade a spade. Just as there was talk of the Trump pump after his election, in which there was a market rally that he boasted about, and even specifically boasted about bitcoin going over $100K, it is clear that this crash, which is on track to be like 2008 or worse, has only one culprit: Donald Trump.
So, I propose to call this dump the Trump Dump.
It is true that Trump had tariffs on his election agenda, but I think the implementation has been key to the disaster in the markets.
There is a lot at stake here, as he boasted a lot of how the stock market behaved in his first term, and there are a lot of people in the USA exposed to the markets, I speak from memory but I think it is more than half of the population. Many through pension funds.
The problem is that when you cause a market like this you don't know how it's going to end. Maybe there could be a quick recovery that may not recover for the whole legislature.
What do you think?
Although Trump's current policies are truly bad for the market, I'm giving the MAGA Masterminds the benefit of the doubt behind their decisions. There's probably a noble cause behind their decisions.
Plus, personally, I'm not actually sure HOW LONG before we see a market recovery, but Scott Bessent said before the election that, "we are going to have a grand economic reordering" that's probably sort of something like Bretton Woods.
¯\_(ツ)_/¯
It's not going to be easy.
But