Stock market today: Dow, S&P 500, Nasdaq smoked as Powell warns of 'challenging' tariff impact, Nvidia plunges
Stock market today: Dow, S&P 500, Nasdaq smoked as Powell warns of 'challenging' tariff impact, Nvidia plunges
US stocks fell after Nvidia revealed costly new curbs on chip exports to China, and investors grappled with uncertainty over President Trump's trade policy.
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I imagine this will also make Trump want to extend his authoritarian reach to the fed chair. He’s wanted a yes-man in that role for a while now.
Having an incompetent blowhard in that chair seems like the one way to fast track us from market confusion to market collapse. It'll make the last couple months look pleasant.
100%
And the investor class will immediately tank the market if they hear that one of Trump’s loonies is in charge of the fed. It will be like “liberation day” all over again.
Hopefully daddy Powell gives us until the end of his term as he says he will. The day he is replaced we can count on the dollar no longer being dominant.
I have asked my advisor about this and get nothing but trump gloating. So I have until then to figure out how to save my tiny IRA that will be needed to escape the country.