A 0.31% move in USDJPY is not "plummeted". It's a 0.6 std dev move and is only barely in the bottom quarter of daily moves over the past 2 years. Similar-sized moves in equity index futures, equity index volatility futures, and rates. Markets are shrugging at Trump's attempt to remove Cook.
Everything is priced in, tariffs, Powell being fired, 1800% tariff on social media posts. Priced in, line go up. The only thing that makes line go down is if you’re targeted for destruction by Trump for petty reasons. Then you have to give up 10% of your stock to stay in business.
Arrrrggghhhh
At the end of the day, the fecklessness of the capitalists will be the real killer of the economic system that generates their wealth.
Many people are saying bsky.app/profile/schr...
What's the TACO version of "SCOTUS Tells Him No."
Nice comment thx
At this point, you could get inbound nukes, and investors would be spouting off about the potential profits in remediation and construction.
a certain UK anchor on BTV already sh*t-stirring this as a fait accompli, once again lowering the credibility for all anchors in the process. notable that it's the older male anchors both here and in the US which are now by far the worst offenders for inaccurate sensationalism.
The US equity market seems to be fairly happy with the direction of travel, at least so far. Maybe secession and civil war might take a bit of the froth off the top...😑
Markets shrug at everything these days. Equities will be green by morning
bsky.app/profile/did:...
You’re right and this is why this all absolutely feels like when you know you’re sick but can’t really identify the symptoms.
Either the US reigns in Trump or takes down the global economy. What are you gonna do, not buy tech companies?
as they've shrugged off everything else because they drank the coolaid
Is this likely to continue or is it too early to tell?
Mostly reversed already. bsky.app/profile/karl...
I guess we’ll know more in the morning…
Trump could shoot a guy on 5th avenue and the markets wouldn't care.
That was my read. That chart is a y-axis crime.
the chart isn't the issue, the issue is the word used to describe it.
Fair.
He removed it lol
Yeah and good for him! It’s one thing to make a post that is incorrect and something very different to refuse to correct that by deleting.
and i'm sure lots has been baked in over the past year
I make plots at the zero suppression factory. We were almost out of business until social media came along
Stocks will be up. Because stocks will be up. Because Trump can’t do anything to really send the down. It’s so silly at this point.
Irrational exuberance is back on the menu
The market is deciding that if the choice is between lower rates and the law, they choose lower rates. They’ve been doing that since April, and I guess we’ll see if it works out for them.
