NASDAQ down over 200, breaking below the March low. Another leg down after an ABC correction?
Hey cutworm,
It’s all about tariffs. Do you agree?
That seems to be at least a big part of it, Larry.
The huge DOGE cuts reducing government spending that acts to stimulate the economy is likely a big part of it too.
Im for most of these cuts but they are the recipe for a weakened economy during the initial adjustment period.
one of the biggest problems that we face in trying to reduce the deficit is that our economy has become dependent on government spending to maintain robust overall spending. …..which keeps adding to the imbalance of spending more than we take in…..which grows the deficit.
Breaking free from this dependency is needed to avoid an eventual collapse from the impossible to maintain growing imbalance caused by debt burdens growing exponentially into the 10s of trillionsHow many millions of government workers and billions in government spending will this be?
Its a huge drag on the economy.
They are talking about government stimulus checks to offset this and calling it returning the aDOGE savings to tax,payers.
But this contradicts the so called main objective of DOGE. To reduce the crushing deficit.
A stimulus check, just adds back on to the government spending and negates the DOGE cuts. Maybe it will work as a temporary bridge until the economy readjusts?
Maybe it backfires?
Anyway, with regards to the tariffs. That seems to be almost all short term negatives, some pretty extreme.
The government can collect them and that will add up to XX billions that can help.
But they mean higher inflation and E less consumer spending and a weaker economy. Doesn’t seem any way to avoid that and the markets don’t like it.
Trump says that he doesn’t watch the stock market…….only on the days when it falls.
He definitely will ignore lots of realities that are screaming messages to him after he starts imposing his agenda.
when his agenda is good and the resistance is bad, he makes progress by plodding ahead.
When his agenda is bad, it’s counterproductive. His agenda is so extreme! and sometimes makes no,sense except as indicators/evidence of his pathological thinking.
No market likes uncertainty, and, in my opinion, an overpriced market set the stage for risk off.
Thanks, cutworm/Larry!
https://www.newsweek.com/experts-trump-tariffs-recession-risks-2053407
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A better question might be, "How severe will the recession be?"
What is the current state of the US economy?
AI Overview
As of March 30, 2025, the US economy is showing signs of continued growth, with strong consumer spending and a resilient labor market, though inflation remains a concern.
Here's a more detailed look:
Nasdaq futures down 4%!!
Dow futures down nearly 1,000!
Thank you, Mr. President.
The NASDAQ is nearing the lows of the week of aug 9 2024 at 17351. And the slightly lower week of april 19th at 17113. Will these hold or blast through? Currently 17800 ish
Next support after that is oct 24 at about 14150
just some observations.
Technical analysis is useless here. It's almost all emotions and news.
https://tradingeconomics.com/indu:ind
1. 1 week
2. 1 year
2. 10 years
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