6 Trump Tweets Wipe $500 billion off U.S. Stocks in one
day
day
The stock market lost over $300 billion in value in 15
minutes due to six tweets from President Trump. He even joked about the Dow
being down later in the day as investors lost over $500 billion on Friday.
minutes due to six tweets from President Trump. He even joked about the Dow
being down later in the day as investors lost over $500 billion on Friday.
The Dow Jones closed 623 points down on Friday following the
Trump tweets calling Fed the “enemy” and imposing new tariffs on Chinese
imports from September.
Trump tweets calling Fed the “enemy” and imposing new tariffs on Chinese
imports from September.
Forbes reported that in the course of 2 minutes on Friday
President Trump unleashed 6 tweets about Fed Chairman Powell’s speech at the
central bank’s Jackson Hole annual economic policy symposium and China
announcing that it would impose 5% to 10% tariffs on $75 billion of U.S.
exports to China. The stock market reacted immediately and intensely negatively
to Trump’s first set of tweets sending the Dow Jones 30 Industrials down about
400 points in 15 minutes and 500 points within an hour.
President Trump unleashed 6 tweets about Fed Chairman Powell’s speech at the
central bank’s Jackson Hole annual economic policy symposium and China
announcing that it would impose 5% to 10% tariffs on $75 billion of U.S.
exports to China. The stock market reacted immediately and intensely negatively
to Trump’s first set of tweets sending the Dow Jones 30 Industrials down about
400 points in 15 minutes and 500 points within an hour.
While the Dow and other indexes were essentially flat to up
a bit during and after the Fed Chairman’s speech, the 120 seconds of tweets
erased over $300 billion in value in those 15 minutes and the markets fell
further during the day. Trump followed up with 4 more tweets later in the day,
one of which was joking about the Dow dropping 573 points as investors had lost
almost half a trillion dollars. For the day over $500 billion in equity was
erased.
a bit during and after the Fed Chairman’s speech, the 120 seconds of tweets
erased over $300 billion in value in those 15 minutes and the markets fell
further during the day. Trump followed up with 4 more tweets later in the day,
one of which was joking about the Dow dropping 573 points as investors had lost
almost half a trillion dollars. For the day over $500 billion in equity was
erased.
That’s $83 billion per tweet!
As the trade war escalates like a high-stakes poker game,
shares started to tumble around the world and could be the trigger for another
black Monday when markets open in Asia and then Wall Street. London will be
closed for a public holiday on Monday 26 August.
shares started to tumble around the world and could be the trigger for another
black Monday when markets open in Asia and then Wall Street. London will be
closed for a public holiday on Monday 26 August.
Although markets had settled after earlier steep falls,
Money Tips predicted that this would not be the end of market turbulence.
Money Tips predicted that this would not be the end of market turbulence.
Word of the Day
Correction
What Is a Correction?
According to Investopedia, ai the world of investments, a correction
is generally defined as a decline of 10% or greater in the price of a security
from its most recent peak. Corrections can happen anywhere including individual
stocks, the indexes that follow stocks or sectors, the commodities and currency
markets, or any asset that trades on an exchange.
is generally defined as a decline of 10% or greater in the price of a security
from its most recent peak. Corrections can happen anywhere including individual
stocks, the indexes that follow stocks or sectors, the commodities and currency
markets, or any asset that trades on an exchange.
·
A correction is a decline of 10% or greater in
the price of a security, asset, or a financial market.
A correction is a decline of 10% or greater in
the price of a security, asset, or a financial market.
·
Corrections can last anywhere from days to months,
or even longer.
Corrections can last anywhere from days to months,
or even longer.
·
While damaging in the short term, a correction
can be healthy, adjusting overvalued asset prices and providing buying
opportunities.
While damaging in the short term, a correction
can be healthy, adjusting overvalued asset prices and providing buying
opportunities.
A Stock market crash is a sudden dramatic
decline of stock prices across a significant cross-section of a stock
market, resulting in a significant loss of paper wealth. Crashes are triggered
by panic or an event, as much as by underlying economic factors. They often
follow speculative stock market bubbles or long bull runs.
decline of stock prices across a significant cross-section of a stock
market, resulting in a significant loss of paper wealth. Crashes are triggered
by panic or an event, as much as by underlying economic factors. They often
follow speculative stock market bubbles or long bull runs.
Significant crashes occurred in 1929, 1987 and 2008, but
smaller crashes have happened in between those dates.
smaller crashes have happened in between those dates.
If you would like to learn how to invest in the stock market
and make money whether the market is going up or down, drop me a line on FB or
at charles@charleskelly.net.
and make money whether the market is going up or down, drop me a line on FB or
at charles@charleskelly.net.
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being happy in my book,
Yes,
money can buy happiness, I cover the 3 R’s of Money Management, the
Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.
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