Investors flee U.S. stocks as markets react sharply to Trump's tariff plan
Investors flee U.S. stocks as markets react sharply to Trump's tariff plan
Initial market indications early Wednesday evening were that many investors had expected Trump’s tariffs to be far less expansive.
Summary
Markets tumbled after Trump’s sweeping tariff announcement, with S&P 500 futures dropping 3.5%, Nasdaq 100 down over 4.3%, and Dow futures falling 1,000 points.
Analysts called the tariffs "worse than the worst case scenario." Major companies like Apple, Amazon, and Nike saw stock declines up to 7%.
Retailers reliant on imports, like Five Below and Dollar Tree, plunged more than 11%.
Goldman Sachs warned tariffs could raise foreign car prices by $15,000. Treasury Secretary Scott Bessent dismissed after-hours moves, blaming volatility over policy concerns.
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Damn, I started a high deductible health insurance and last month got it high enough to invest part of it.
Fingers crossed I'm still employed for a while to buy in at the lower prices, and I live long enough to recover.
Countries with national healthcare also don't have their healthcare dependent on the stock market. I'm jealous.
started a high deductible health insurance and last month got it high enough to invest part of it
Huh?
The deductible is the $ amount you will have to pay out of pocket before the co-insurance percentage will kick in and start covering 80% (or w/e) of the costs of covered services.
The deductible doesn't change, you can't get it higher - you can meet it for the year, or not have met it yet. It's just a total of money you've already spent, it can't be invested.
BigMike probably has an HSA which you can invest if you have enough funds in it
Usually high deductible plans come with a health savings account, that's probably what they're talking about.
Yeah, the Health Savings account HSA. Sorry, i forgot to go back and reread it to make sure the comment was complete.
Yep, made sense as soon as HSA was mentioned!
I used to work explaining insurance to the elderly, so I'm primed to assume that someone massively misunderstood how it works. 😆