The FTSE

[jrb]

Erm… what just happened?

View attachment 152468

This.

BBC News.

Markets soar after Trump announces tariffs pausepublished at 18:38​

18:38Breaking​

Financial markets have soared after President Trump announced a 90-day "pause" on the tariffs against countries who have not retaliated against the US.

The NASDAQ index is up 9% and the S&P 500 index is up 8%.

 

[jrb]

BBC News.

As we've just reported, Donald Trump has raised tariffs against China to 125%, and also issued a 90 day pause to some tariffs.

Here's his Truth Social statement in full:

"Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately.

"At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable.

"Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. Thank you for your attention to this matter!"

We are continuing to decipher the specifics of Trump's announcement, stick with us for the latest.

 

[Mr Grumpy]

He can’t post in the politics sub forum as he asked to be self banned from it, so he’s grumpy about it in non-political threads instead.

Staying away from the TDS loons is proving a challenge.

 

[Alan Harper's Tash]

Staying away from the TDS loons is proving a challenge.

You should try harder.

 

[Mr Grumpy]

You should try harder.

Meh.

In other news.

DJ is now up 5% based on social media posts from the US.

It was down the same from a fake social media post earlier in the week.

Volatility is nuts at the moment.
So if you are hanging your hat on the short term performance of these things, best of luck.

 

[jrb]

Nobody knows what the loon will do next.

 

[One Fan Clapping]

NASDAQ up 10%.

This is mental.

 

[Mr Grumpy]

Nobody knows what the loon will do next.

That's the plan.

 

[Alan Harper's Tash]

Meh.

In other news.

DJ is now up 5% based on social media posts from the US.

It was down the same from a fake social media post earlier in the week.

Volatility is nuts at the moment.
So if you are hanging your hat on the short term performance of these things, best of luck.

Insider trading used to be illegal. Fortunately for Trump, he can just pardon himself and all involved and pocket billions of pounds from other peoples’ pensions and investments.

Still, something has to be done…

 

[One Fan Clapping]

Meh.

In other news.

DJ is now up 5% based on social media posts from the US.

It was down the same from a fake social media post earlier in the week.

Volatility is nuts at the moment.
So if you are hanging your hat on the short term performance of these things, best of luck.

You certainly live up to your username!

 

[Bigga]

One last entry for me, but I think it's important depending on what stock you've invested in and especially now Trump has gone to trade war with China.

I think China holds a LOT of the cards that the US need to leverage with...

Minerals...

 

[Kompany Car]

One last entry for me, but I think it's important depending on what stock you've invested in and especially now Trump has gone to trade war with China.

I think China holds a LOT of the cards that the US need to leverage with...

Minerals...

So does Ukraine and wait for it...

Greenland, no surprise why he wants to get his grubby mitts on it.

 

[Kompany Car]

Expect the FTSE will recover significantly in the morning along with the rest of the major markets.

 

[jrb]

Expect the FTSE will recover significantly in the morning along with the rest of the major markets.

It will.

One of my funds is linked to the FTSE performance.

I'm expecting a big rebound in that fund tomorrow.

 

[117 M34]

90 day pause announcement… maybe.

Which is great - until it crashes again in 3 months.

Is it a bit too far fetched that this is a deliberate ploy from trump to crash the market just enough so his mates can load up on shares at discounted rates?

 

[west didsblue]

I’m a bit pissed off he did it today. I gave a bed and ISA instruction to my online stockbroker and it’s not been executed yet due to the huge backlog. Expecting that when it does, the £20k worth of shares will be for a smaller number of more expensive shares meaning more CGT on the gains in my trading account. The **** could have hung on for a couple more days.

 

[One Fan Clapping]

Which is great - until it crashes again in 3 months.

Is it a bit too far fetched that this is a deliberate ploy from trump to crash the market just enough so his mates can load up on shares at discounted rates?

No.

I referenced it a few days ago. Convinced of it.

 

[Worzel Gummidge#9]

Worth a watch,

 

[jrb]

Nobody saw that coming apart from Trump and his billionaire mates.

They've had the world for mugs, and they've profited from it today.

 

[west didsblue]

Nobody saw that coming apart from Trump and his billionaire mates.

They've had the world for mugs, and they've profited from it today.

Plenty saw it coming. They just didn’t know when.