The FTSE

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Get ready for a shit day tomorrow.

Go Donald!

US stocks and the dollar tumbled Monday as investors assessed continued tariff uncertainty and the implications of President Donald Trump’s ongoing mission to try and oust Federal Reserve Chair Jerome Powell.

The Dow fell more than 1,190 points, or 3%. The broader S&P 500 fell 3.2%. The tech-heavy Nasdaq Composite slid 3.46%. Stock futures had slumped in premarket trading after the three major indexes closed last week in the red.

The US dollar index, which measures the dollar’s strength against six foreign currencies, slumped 1% to its lowest level in more than three years.

 
jrb said:
Get ready for a shit day tomorrow.

Go Donald!

US stocks and the dollar tumbled Monday as investors assessed continued tariff uncertainty and the implications of President Donald Trump’s ongoing mission to try and oust Federal Reserve Chair Jerome Powell.

The Dow fell more than 1,190 points, or 3%. The broader S&P 500 fell 3.2%. The tech-heavy Nasdaq Composite slid 3.46%. Stock futures had slumped in premarket trading after the three major indexes closed last week in the red.

The US dollar index, which measures the dollar’s strength against six foreign currencies, slumped 1% to its lowest level in more than three years.

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I wish he would keep his big mouth shut for a few days.

It’s a full house too as Treaury Yields have also risen which generally leads to falling bond prices.
 
dickie davies said:
A few days!
Maybe 3 years and nine months would help
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If he sticks to the constitution then there's all sorts of troubles lying within that time frame but now we hear that he's actually seeking ways around that constitution. The argument goes as a maximum 8 year term, concurrently, or an additional 4 years as he was beaten mid term previously.
 
Came on holiday on Weds and decided I wasn’t going to have time (or the inclination) to watch the news constantly for the next clusterfuck to occur, so sold all my stock bar my long term BRKB and dumped the money in a 4.2% money fund (SWVXX).

Dumb luck ;-) and timing won out yet again!

Tuesday’s U.S. stock futures looking for a little rebound, but 3% down and even 1% back up in 2 days is still a bad 2 days!

IMG_1178.jpeg

We’ll see what the trading day brings, but earnings season is in full swing and anyone missing the numbers and/or a negative outlook (if they dare give any outlook!) will not be treated with kid gloves!
 
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Good to see the FTSE not automatically following Wall Street although the rally at the end of yesterday over there probably helped. World indices seem to be getting a little more disconnected from market movements in the US which can only be a good thing for the RoW.
 
ChicagoBlue said:
Came on holiday on Weds and decided I wasn’t going to have time (or the inclination) to watch the news constantly for the next clusterfuck yo occur, so sold all my stock bar my long term BRKB and dumped the money in a 4.2% money fund (SWVXX).

Dumb luck ;-) and timing won out yet again!

Tuesday’s U.S. stock futures looking for a little rebound, but 3% down and even 1% back up in 2 days is still a bad 2 days!

View attachment 153643

We’ll see what the trading day brings, but earnings season is in full swing and anyone missing the numbers and/or a negative outlook (if they dare give any outlook!) will not be treated with kid gloves!
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Will you not get screwed by CGT?
 
madloaf said:
There's a bottom somewhere, but fuck knows where with this orange **** around.
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This is the issue with Shitgibbon, any "normal" market downturn and you're looking at bottoming out in a few weeks to a few months, then a pretty nailed on recovery over the next 1-2 years. This time however no one has a scooby how low or how long this will run for.
 
west didsblue said:
Will you not get screwed by CGT?
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All sitting in tax-deferred accounts, or non-taxable (Roth) accounts, that will only pay any taxes as income taxes when sold in retirement…when my income taxes should be able to be structured to be lower than CGT!

I don’t “trade” my regular brokerage account, which would be subject to CGT on ongoing sales, but would also have the loss offsets for tax purposes, should I have any, during the annual tax harvesting season.

Lastly, CGTs are cheaper than my tax rate, which makes “saving” money in a bank, for instance, less appealing than in the stock market. Bank interest is paid at personal tax rates, while stock investments gains are paid at CGT rates, but only when sold, not while being accumulated.

For instance, I could put $100,000 in the bank, earn $3,000 on it, and have to pay personal income taxes on that $3,000 whether I take it out and spend/use it or not! That same $100,000 could be invested, make the same $3,000 and not be taxed until I decide to tax myself on it!
 
£2k up yesterday.

1 of my pension funds is linked to the performance of the FTSE and it keeps on going up for now.

On the flip side, one of my other pension funds is linked to bonds, and it’s not doing great, as everyone is getting out of bonds. I’m going to stick with it, as bonds will improve eventually

Thankfully I’ve made £11K back on my pension over the last three weeks.
 
I’m about 2/3rds of the way back to where I was before Trump started getting trigger happy with tariffs.
Hindsight is a wonderful thing but I wish I’d had some spare cash to plough in when the market tanked.
 
Stockton Heath Blue said:
I’m about 2/3rds of the way back to where I was before Trump started getting trigger happy with tariffs.
Hindsight is a wonderful thing but I wish I’d had some spare cash to plough in when the market tanked.
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likewise, concerned about what happens when the 45 day pause comes to an end though
 
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