The Independent Voice of West Indies Cricket

Markets plunging on Monday's trading

sgtdjones 4/7/25, 2:06:11 AM
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debut: 2/16/17
39,307 runs

Asian markets plunge as Trump’s global tariff turmoil deepens

Asian markets plunged on Monday, deepening a global stocks rout triggered by US President Donald Trump’s trade war.Japan’s benchmark Nikkei fell by more than 8% shortly after opening. The share average, which tracks 225 of the country’s most valuable companies, has fallen below the 33,000 level for the first time since August 2024, according to Reuters. The broader Topix index last traded more than 9% lower.
Japanese Prime Minister Shigeru Ishiba said on Monday the government will continue to ask President Trump to lower tariffs against Japan, but acknowledged results “won’t come overnight,” according to Reuters.

US stocks were set to open sharply lower Monday, putting the S&P 500 on the precipice of a bear market — a decline of 20% from its peak and an ominous sign for investors and perhaps the broader economy.

South Korea’s Kospi tumbled more than 4.8% shortly after opening. Australia’s benchmark ASX 200 index fell as much 6.3% in morning trade, while New Zealand’s NZX 50 lost more 3.5%.
The good news, perhaps, is that the stock plunge has created some buying opportunities for investors. Stocks are trading at a historically cheap 15 times future earnings projections now. That could help markets rebound if investors believe stocks are oversold.

CNN
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sgtdjones 4/7/25, 2:08:57 AM
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debut: 2/16/17
39,307 runs

Dow futures tumble as the massive market sell-off continues

The tariff-induced market mayhem isn’t over just yet.

US stock futures plunged Sunday evening after two sessions of sell-offsthat wiped away over $5.4 trillion in market value. Stocks were set to open sharply lower Monday, putting the S&P 500 on the precipice of a bear market — a decline of 20% from its peak and an ominous sign for investors and perhaps the broader economy.

Dow futures were down 1,250 points, or 3.3%. S&P 500 futures fell 3.7%, while Nasdaq futures tumbled 4.6%. Asian markets tanked: Japan’s Nikkei fell 8% at the open.

The price of US oil fell more than 3%, sinking below $60 a barrel for the first time since April 2021. Oil prices have been in a freefall as investors fear tariffs could plunge the global economy into a recession that would sap demand for flights, shipments, transportation and travel — all activities that require fuel.Recession fear has gripped Wall Street in recent days. JPMorgan analysts said last week that the tariffs would hike taxes on Americans by $660 billion a year — the largest tax increase (by a longshot) in recent memory.

CNN
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dayne 4/7/25, 2:42:17 AM
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debut: 5/29/07
8,563 runs

Crazy Trump-nomics, he took over a good economy and is wrecking it in less than 3 months. The country was almost at full employment, the financial markets were doing well, and he and his crew found a reason to disrupt it.
sgtdjones 4/7/25, 1:55:21 PM
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debut: 2/16/17
39,307 runs

.....

Dow Jones 30 Industrial Index , DJIA....38,314.86---2,231.07---5.50%

DOW FUTURES----2.34%----900.00----37,630.00

S&P 500 FUTURES----0.26%----13.50---5,096.75

NASDAQ 100 FUTURES---2.49%----436.75----17094.00
XFactor 4/7/25, 2:24:51 PM
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debut: 11/5/05
5,508 runs

In reply to sgtdjones

Another rout for the markets. Panic selling now.

Happy Liberation Day!!!

Thanks, President Trump!
sgtdjones 4/7/25, 2:30:29 PM
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debut: 2/16/17
39,307 runs

JPMorgan chief Jamie Dimon sounds the alarm bell on Trump's tariffs


JPMorgan CEO Jamie Dimon has issued a blunt warning about President Donald Trump’s tariff policy: It threatens to raise prices, drive the global economy into a downturn and weaken America’s standing in the world.
“The recent tariffs will likely increase inflation and are causing many to consider a greater probability of a recession,” Dimon warned in his annual letter to shareholders. “Whether or not the menu of tariffs causes a recession remains in question, but it will slow down growth.”


Dimon said America’s “extraordinary standing” in the world was built on the strength of its economy, military and morals. But tariffs and Trump’s “America First” foreign policy could undermine that standing.
“If the Western world’s military and economic alliances were to fragment, America itself would inevitably weaken over time,” he said.

Despite a recent plunge in markets, stocks could tumble much farther still, Dimon argued. The US stock market is set to open in bear market territory after hitting a record high less than seven weeks ago, on February 19 – the second-fastest peak-to-bear market shift in history (the fastest occurred during the 2020 pandemic).“Even with the recent decline in market values, prices remain relatively high,” Dimon said. “These significant and somewhat unprecedented forces cause us to remain very cautious.”

From CNN’s David Goldman
Drapsey 4/7/25, 2:31:21 PM
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debut: 12/26/07
34,566 runs


Oh, those facting leftists. They'll complain about anything that Trump does.
sgtdjones 4/7/25, 2:55:56 PM
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debut: 2/16/17
39,307 runs

US stocks enter bear market territory as tariff misery continues on Wall Street

US stocks opened lower Monday as markets around the world tumbled over concerns about how President Donald Trump’s sweeping tariffs might upend the global economy and stymie US economic growth.
Markets opened in bear market territory – a decline of 20% from a recent peak – after a historic rout in Asia and massive losses in Europe.

The Dow fell 1,200 points, or 3.2%. The broader S&P 500 was 3.4% lower and opened in bear territory. The Nasdaq Composite slid 3.96%. The S&P 500 hit a record high less than seven weeks ago, on February 19. If the index closes in bear market territory, that would be the second-fastest peak-to-bear market shift in history (the fastest occurred during the 2020 pandemic).

Wall Street’s fear gauge, the Cboe Volatility Index, or VIX, has surged to levels not seen since the Covid-19 pandemic as investors fret over the market’s next move. CNN’s Fear and Greed Index has slumped to its lowest levels this year.

CNN's David Goldman
SnoopDog 4/7/25, 3:07:06 PM
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debut: 1/24/04
16,225 runs

In reply to XFactor

The Dotard liberated every single dollar from the working class and gave it to his billionaire friends!

Happy Dotard Liberation Day!
hubert 4/7/25, 6:02:25 PM
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debut: 11/14/02
19,638 runs

In reply to sgtdjones

Learned a painful truth after a Market crash in late 2000 just as I retired.
Good thing I no longer depend on my IRA or SS for my retirement.
But it huts to see people's savings going down the tube while the Con's
clique are getting the upward flow of money.sad
Brerzerk 4/7/25, 6:14:26 PM
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debut: 3/16/21
12,341 runs

This guy is beyond unserious per Kamala.
Beyond an Oaf and a simpleton as per I-man.
Just simply an useful idiot.