Stocks are dropping today after Trump threatens China with more tariffs

Wiseborn

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Its crazy how this man killed the CHIPS act and renewable energy projects then started this trade war tough talk shyt with nothing lined up. Just piling on more and more debt and killing the value of the dollar.
dollar down to 3878 to a Colombian Peso. I got used to 4500 up to 5200 to one at one point.
 

Wiseborn

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TACO Trump probably told all his people (and especially his children) so they could make moves to make money.

He does this shyt sporadically just to space out them transferring wealth up to the 1%
China sold Tik Tok for a crazy low amount best believe they got something they wanted for that.
 

Scustin Bieburr

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I'm down big :huhldup:
I been telling yall to invest in Asian stocks and gold.

China is trying to make itself independent from america. If they complete their belt and road project and continue investing in clean energy, they will be saving trillions on energy costs.

What does that mean for how they can invest? What does that mean for the price of petroleum? They can spend billions to make up for whatever they lose in not trading with america. If they keep spreading that green technology to Africa and Latin america, that means those countries save money on energy costs too. They can reinvest their savings into paying off debts and building more infrastructure.

China plans based on years. America now plans based on financial quarters. If we are going to win, we need unity as a country and the economy needs to be controlled by workers and the government NOT by CEOs and bankers.
 

ConPHIdential

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Didn’t the same thing happen earlier this year threatening tarrifs? This whole year has been a shyt show for his entire team.

It’s called market manipulation. Trump knows what he’s doing. I’m not saying it’s right. However folks have an opportunity to capitalize on the same exact thing he is doing.
 

Tres Leches

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narrative follows the price :ufdup:


stock market was always gonna correct 5% this month but i'll let yall spin it :mjgrin:



oh yea but fukk trump anyways :mjlol:
 

Macallik86

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If you haven't been trading regularly since pre-covid, just know that volatility is going to increase and things are going to be a lot harder.

Now is a good time to take some risk off the table and remove money you don't want to lose, because even if prices recover and continue higher:
  1. Big price swings are coming
  2. Options are going to be over-priced due to perceived risk and so it will take more effort to make money moving forward
  3. If you are trading w/ emergency money, you need to remove that $$ and put it in a high-yield savings account or something less risky. We are teetering on a recession and you need to make sure you have a cushion in case you get laid off.
 
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