Trump fucked up big.
So big he forced a Dow sell off. Many of those rich gamblers were hoping for more tax cuts. Now that they see that won’t happen they are getting out of the big sticks and seeking safer havens.
The news is arguing that the stock market is the economy. It’s not.
Wall Street has never been Main Street. They drill that in your head in Economics.
https://www.cnbc.com/2024/07/31/stock-market-today-live-updates.html
@feloneouscat Agree, but also zooming out a whole 4 days gives more/different perspective:
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Four weeks shows this to be a correction: gamblers expecting to get a payoff from a Trump presidency.
The MSM is letting people down.
