According to CNBC, “Stock futures tumbled Sunday night to kick off a new trading month as investors weighed new U.S. tariffs on goods from key trade partners and their potential impact on the economy and corporate profits. Futures tied to the Dow Jones Industrial Average slid 611 points, or 1.4%. S&P 500 futures dropped 1.9%, while Nasdaq-100 futures lost 2.4%. President Donald Trump on Saturday slapped a 25% tariff on goods from Mexico and Canada. He also placed a 10% levy on imports from China. The U.S. does about $1.6 trillion in business with the three countries. ‘Markets may now need to take the rest of Trump’s tariff agenda literally rather than just seriously … If this new level of seriousness gets priced in suddenly, Monday could be a rough day for markets,’ Wolfe Research head of U.S. policy and politics Tobin Marcus said in a note.”
So much for “experts”! Now the markets realize they should have been taking Dictator Don literally and seriously!?!? Now they finally get it — maybe? We’ll see when the markets open just how much market “analysts” apprehend, but my guess — which is usually right — is that traders will fail to fully price in the impact of the Dictator Don trade war. I’m sure there are plenty of idiot “experts” who still believe this tariff mess will work itself out or be resolved quickly. Not! I can’t with this sh*t-for-brains country of f***ing morons, who are so willfully stupid that they find themselves surprised and bewildered that The Don! is doing everything he said we would do during the presidential campaign. How f***ing dumb can you be? Well, apparently, there is always room to prove one can sink lower on the IQ scale. Welcome to trump stupid America!