Summary

As the stock market plunged Monday due to Trump’s trade wars, he spent the day posting on Truth Social.

The Nasdaq fell 4%, its worst drop since 2022, while the S&P 500 lost nearly 3%. Major tech stocks, including Tesla, saw significant losses.

Trump posted over 100 times, endorsing his tariffs despite investor panic. A White House official dismissed the sell-off as irrational fear.

Commerce Secretary Howard Lutnick insisted a recession is unlikely. Trump avoided a clear recession prediction, calling the economy’s shift a “transition.”

  • TransplantedSconie@lemm.ee
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    7 days ago

    “Look, this cliff we’ve intentionally drove off is nothing! The fact that we are plunging 300 feet straight down is an irrational fear you’ll all have to get over. pulls out unwrapped, slightly used Worthers Candy, anyone?” - Howard Lutnick.