The $2.3 trillion is far more than 401(k) plans lost. They held about $10.8 trillion in June, so a 4.4% fall costs them about $0.5 trillion, even if every dollar sat in the S&P 500.
Calling it a 401(k) wipeout misses what actually got sold. The S&P closed Friday still above its 200-day average. The Nasdaq 100 is 3.6% under its own. That's not a market betting on a weaker economy, the jobs number the next morning was fine anyway. It's a market cutting what it's willing to pay for next year's data centers.
This year's money is mostly spent or committed. 2027 is where a moratorium bites, and Moody's has the big spenders near $1 trillion for that year. Chips were priced on that trillion. I'd watch the January earnings calls a lot more closely than anything posted on Truth Social.
Trump ignores the big post-election markets RUN-UP on Wednesday. Analysts have been saying for months that the markets, especially the Nasdaq, are over-valued.
Well there is more than the market to worry about — economic policies even without congressional help were in place to be felt in the second year of this admin ie new plants etc October job report estimated at 6500 jobs got over a million jobs —- let’s see how the economies of the Marxists new clown 🤡 admin will mess our economy in the next few years!
My conservatively invested IRAs each dropped about 2-3%. The markets hit all time highs during Biden's term. Markets have been in a "trading range" during the past two years; sometimes above the Biden records and sometimes down. Early last year, I took more steps to better "Trump-proof" my portfolios, which works well on market days like yesterday.
The $2.3 trillion is far more than 401(k) plans lost. They held about $10.8 trillion in June, so a 4.4% fall costs them about $0.5 trillion, even if every dollar sat in the S&P 500.
Calling it a 401(k) wipeout misses what actually got sold. The S&P closed Friday still above its 200-day average. The Nasdaq 100 is 3.6% under its own. That's not a market betting on a weaker economy, the jobs number the next morning was fine anyway. It's a market cutting what it's willing to pay for next year's data centers.
This year's money is mostly spent or committed. 2027 is where a moratorium bites, and Moody's has the big spenders near $1 trillion for that year. Chips were priced on that trillion. I'd watch the January earnings calls a lot more closely than anything posted on Truth Social.
Trump ignores the big post-election markets RUN-UP on Wednesday. Analysts have been saying for months that the markets, especially the Nasdaq, are over-valued.
Let’s hope all the dummies that voted for Muslims Marxists have looked at their 401 k and blow their brains out
Well there is more than the market to worry about — economic policies even without congressional help were in place to be felt in the second year of this admin ie new plants etc October job report estimated at 6500 jobs got over a million jobs —- let’s see how the economies of the Marxists new clown 🤡 admin will mess our economy in the next few years!
My conservatively invested IRAs each dropped about 2-3%. The markets hit all time highs during Biden's term. Markets have been in a "trading range" during the past two years; sometimes above the Biden records and sometimes down. Early last year, I took more steps to better "Trump-proof" my portfolios, which works well on market days like yesterday.