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"Stop looking at how the market is reacting to our new policies and instead focus on how well it's done mostly under Trump's Democratic predecessor" is an incredible new talking point.
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Amy Nixon
@texasrunnerDFW
The S&P 500 is now only up 118% in the last 5 years instead of 135% And everyone is on CNBC crying
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David Watson 🥑
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Well the truth is the stock market went on fire from October to January because of excitement for Trump over Harris, across the board on economic matters, and a presumption that tariff talk was merely negotiating leverage for other strategic gains. Gradually since Jan that
It's funny Because people always say "you can't see the results until next president's term" unless it doesn't align with their point. Then it's the opposite. Whatever.
“Don’t pay attention to their actual argument and instead focus on this straw man in beating up” is an incredible argument.
The rich got richer, top 1% owns the market - we are in robinhood era. People under 30 will be able to afford a house again in a year at this rate.
During the 2nd year of the biden admin the stock market fell 25% and went negative for his entire term at the time (then rallied after excessive spending/inflation) I genuinely do not know if democrats are really this retarded or just expect the average voter to be
How quickly you all forget the entire year the market went down double the current pullback under Biden. This literally happens every few years. 2021 to 2022 was twice as bad, but we'll just memory hole it.
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When they spent every waking second maligning the economic performance of said Democratic predecessor. It's just absurd. Not even pretending to uphold even the tiniest whiff of logical consistency. They'll pull an instant 180 on any talking point the moment it owns the libs.
My guy, this is like putting in the rookie QB and being pissed your team is down 0-7. This was never a day one fix. Trump campaigned on tariffs. It is going to take time. You can’t decide to lose weight and then quit when your first day at the gym is rough with zero results
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Everyone complaining about corporations making record profits, while also touting a strong economy based on the stock market. I'm no expert but it seems to me, they are contradicting themselves with these statements.
Amy has no realization that people plan w stability in their personal finances. Car, College, Kitchen remodel ideas gone. Yrsvel for seniors w retirement income on hold.
That was the read? How about the last 40 years in monetary and fiscal policy has been reckless across every administration?
Even after the market fiasco happening this week, the S&P has averaged 23% per year since he was elected in 2016
Biden printed $2 TRILLION in monopoly bucks every year. Trump could easily do that and get similar results in the stock market, and with it we would have another 30% increase in rent, utilities, groceries, etc.
To be clear, I support what Trump is trying to do. That stated, not everyone in the market is focused on the long term. Many in retirement depend on investment income in the here and now. They're being hurt in real time.
Them pulling out the 5 year charts is always so funny since theres a good chance this becomes a fuck face within the next couple of months.
You mean when the government was artificially inflating it by pumping money we don’t have into the market and in turn destroying people through inflation?
Short sighted people all. Worrying about the last second of trading activity and what it portends for the future. Broaden your horizons. Start from first principles. Succeed.
Admitting to being an economic illiterate without using those exact words was easier for you than I had thought it might be.
Imagine thinking that this isn't because biden printed 40% (read that number carefully) of the entire dollars in a 4-year period. That money was then pumped into the market. Either you know this and are a fucking liar or you don't, and you are a fucking moron.
I think you are missing the point entirely. That performance was driven by spending that caused huge inflation and no real growth - only growth in the size of the government. That boil needed popping and it's going to take time to fix.
The S&P dropped 25% in Biden's second year, while inflation was at 40 year highs. It reversed after Trump announced he was running for a second term.
I'd argue that unless you were planning to retire in the next 2 months, this is likely nothing more than a buying opportunity. And if you WERE planning to retire in the next two months, and didn't have your money in a safer vehicle than the stock market, that's on you.
So with your logic Trump gets full credit for the S&P hitting a high in Feb because he was in office? Just want to make sure to confirm this is the logic we going with.
And yet household wealth was reduced during that term…inflationary gains aren’t real gains. Multiple compression is normal as part of a post inflationary cycle but normally occurs more gradually as the Fed whispers and frets to try and hide their sins…
The stock market is for long term investment. People who freak out 2 days into a big change aren't cut out for it. I know that because I got out because I dont have the discipline for it. Additionally I, on principle, do not endorsed capitalizing on triumph or tragedy
this is your real take? hahahaha amazing how economically illiterate retarded leftists are now suddenly obsessed with the stock market
explain to this man that investors didn't want to hold onto liquid cash and instead purchased stocks bonds assets and real-estate. Remind him that holding cash at that time was stupid because it was losing value.
That's because trillion dollar deficits really pump money into the market while running off a fiscal cliff.