The Rundown Debt Market Flashes Warning Signs, Trump Says ‘Great Time to Buy!!!'
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Apr 9, 2025 Stock market turmoil takes center stage as gains evaporate amid U.S.-China trade tensions. The hosts dive into how major corporations like Delta and Walmart are pulling earnings guidance, hinting at potential recession risks. Investor confusion reigns with rising volatility in both stock and bond markets. Fluctuating U.S. Treasury yields and unexpected tariff increases on industries like pharmaceuticals add to the uncertainty, making it a wild ride in the financial world.
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Historic Market Reversal
- The S&P 500 experienced a historic reversal, dropping from being up 4% to closing down over 1%.
- This volatility erased $7.7 trillion in market value in four days, the most ever recorded.
Escalating Trade War
- New tariffs went into effect, including a 10% baseline on all US imports and reciprocal tariffs up to 104% on Chinese goods.
- China retaliated by increasing tariffs on US imports to 84%, escalating the trade war.
Apple's Stock Plunge
- Apple stock has suffered significantly, losing 23% in the last four trading sessions.
- This decline is attributed to the company's heavy reliance on Chinese manufacturing amidst the trade war.