After Voldemort officially started what he's been promising (launching higher tariffs) the US stock market is down today about 1%.
The other players:
Germany tanked 3.5%.
France down about 2%.
Canada down 2.5%
Mexico down over 1%.
China not open yet.
There are plenty of other indicators of who's experiencing "pain" and this is early going.
What do I expect will happen? Trump's demands thus far aren't unreasonable (I realize that's an overly broad statement). So long as the above players bleed worse than the US, Voldemort will likely negotiate a deal that betters our global position.
Will the US stock market get beaten in the meantime? Probably. Will it bounce back after something is negotiated? Probably.
Unless I'm wrong.
Breaking news! The Dark Lord must love this(2:30pm MT).
Nasdaq up today .6%
China opens down 1%.
Germany now down 3.28%
France remains down about 2%
EU Dax now down 3.7%
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