The Official "Damned Trump" Thread: Phase II

[BrianSoddingBoru4]

The Dow, after rising nearly 3,000 points Wednesday, fell more than 1,000 points, or 2.68%, Thursday morning. The S&P 500 fell 3.2% and the Nasdaq Composite slid 3.8%. The S&P 500 is coming off its best day since 2008, and the Nasdaq on Wednesday posted its second-best daily gains in history.

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Goldman Sachs said Wednesday after Trump’s partial detente that recession chances in the United States were still a coin flip. JPMorgan Wednesday evening said the bank would not alter its recession forecasts, still seeing a 60% chance of a US and global recession even after Trump’s “positive” decision to unwind his “draconian” country-specific tariffs.

https://www.cnn.com/2025/04/10/investing...index.html

Wednesday’s huge jump was the result of 1) investors picking up bargains, and 2) short sellers having to meet margin calls. It was not an increase in investor confidence, as shown by today’s (currently) 1500 point drop.

Boru

Update: 1700 point drop. In seven minutes.