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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  • partial_accumen@lemmy.world
    2·
    5 days ago

    When it goes down more, you dont need to see the bottom.

    So when are you recommending buying back in with your strategy? 1 point lower than you sold for? 10? 100? 1000?

    You can wait until it hits recovery or bull market even, and buy back. That point will likely be lower than where you sold even if its not the lowest. You dont need to buy the bottom, but buying lower than you sold is a win.

    Unless you miss that point, and you have to buy back in higher than you sold for, and it could be years before its ever low enough for you to “buy back in low than you sold”.

    If you buy back in when its higher than your arbitrary threshold, but then drops back down again the next day, do you sell again?

    • eran_morad@lemmy.world
      2·
      5 days ago

      I went almost 100% cash recently. I’m waiting for another 10% decline in the sp500. Then reassessing. Probably start buying back gradually.

      Never thought I’d time the market with this much of my money. In ‘07, I didn’t sell. I shoveled as much as I could into that furnace. This time truly is different, though. The prez works for a foreign adversary.

      • partial_accumen@lemmy.world
        1·
        4 days ago

        I wish you luck. This is the fourth huge stock selloff in my lifetime, and for none of them did I accurately predict the recovery.

          • partial_accumen@lemmy.world
            1·
            4 days ago

            Dude. This isn’t a huge selloff. This is barely a selloff. For now, anyway.

            We agree on the current state. Do you believe this is just a minor blip?

            • eran_morad@lemmy.world
              1·
              4 days ago

              You’re looking to split hairs where I see no point. If we agree, leave it alone. And, given my comments so far, it’s quite obvious that I expect a significant downturn that has yet to fully materialize.

    • Sc00ter@lemm.ee
      1·
      4 days ago

      when we hit recovery or bull market

      Those are technical terms. Thats when i recommend buying back in.

      • partial_accumen@lemmy.world
        1·
        4 days ago

        Those are only defined for a time period historically. When those time periods have those names, you’re at the point I’m talking about where you may have missed the entry point to buy in cheaply. Nobody says, with any faith or knowledge, “this is it! this is the recovery starting right now!”.

        • Sc00ter@lemm.ee
          1·
          4 days ago

          There are mathmatical definitions. Like our current correction happened when we were 10% below peak. Thats what i mean by calling them technical terms