US stocks were sharply lower Friday as investors digested souring consumer sentiment and inflation data that showed an uptick in one of the Federal Reserve’s key gauges, underscoring the delicate state of the economy as businesses brace for President Donald Trump’s tariffs.

The Dow tumbled 750 points, or 1.77%, on Friday. The broader S&P 500 fell 2.1% and the Nasdaq Composite slid 2.8%.

. . .

Wall Street was also grappling with Trump’s announcement on Wednesday of 25% tariffs on all cars shipped into the US, set to go into effect April 3. Trump also announced tariffs on car parts like engines and transmissions, set to take effect “no later than May 3,” according to the proclamation he signed.

MBFC
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  • Pasta Dental@sh.itjust.works
    5·
    5 days ago

    You can never time the lowest point. What you can do however is guarantee yourself a massive gain over the next few years when the stocks inevitably go back to pre-trump levels by buying it now, which is already much lower than it was 2 months ago

    • corsicanguppy@lemmy.caEnglish
      6·
      5 days ago

      Wait 16 months.

      It’s gonna go lower before it’s done, but at 18 months people will know how the midterms look, and the next chance to break this 3/3 lock on government by the aristocracy.

      Then it’s either dump it back in or dump it in the Nikkei or something as you negotiate the sale of the smoking ruin you called a house and get on the boat.

    • partial_accumen@lemmy.world
      2·
      5 days ago

      You can never time the lowest point.

      You’re cheating this exercise. We were talking about properly guessing when to buy back into the market, and you’ve predicated your solution with this:

      What you can do however is guarantee yourself a massive gain over the next few years when the stocks inevitably go back to pre-trump levels by buying it now

      This presupposes you’ve already sold to a cash position prior to the fall. So that would be accurately timing the market at the best time to sell off. If you sold even a month ago, you would have already incurred a loss from the highest peak value. You’re arguing against the parent post about selling off all stocks to a cash/bond position today. You’re both depending on a close-to-perfect timing of the market. He’s depending on buying in at the low, you’re depended on knowing when the high was to sell.

      Also, I think its sound thinking to always be suspicious of anyone’s claim saying “What you can do however is guarantee yourself a massive gain” when talking about investments. There is no such thing as a guarantee in investing.