ONE TRILLION DOLLARS *pinky*
The Trade War™ wiped over ONE TRILLION DOLLARS from the stock market on Monday. Will the market ever recover from this disaster? It turns out that a trillion bucks ain’t what it used to be. Financial reporters showed Monday’s market movement as -2.41%. Financial entertainers breathlessly echoed the ONE TRILLION DOLLARS talking point. Being down over 2% in one day isn’t good, but it was a useful tool to separate news sources that are serious about their reporting from the click-bait farms. Oh and will we ever recover? The S&P 500 was down 0.11% on the week, as of Thursday’s close, but oddly we haven’t heard any stories of the market gaining ONE TRILLION DOLLARS over the last couple of days. Weird. Trade War™ There is a lot of hand-wringing over the consequences of the very public negotiation with China. Bad financial news of all sorts is inevitably traced back…
