GDP plummets even before tariffs

GDP plummets even before tariffs
and
Plummeted GDP caused stock market to go up

ES went up from 5460 to 5630 (3% up) on 30 Apr 2025.

 

Monthly bars, SPY

 

That's because both Retailers and the Markets anticipated the Tariffs Mighty Max. Retailers stocked up, Traders sold off.

 

SPX was flat.

 

With a 148 point swing to the upside off the low.

 

If you have read the actual GDP report, you could see what parts of the economy contracted and make inferences to why that happened. Did you?

 

Brilliant, and no, the spooz closed down a point. AH saw MSFT and others with beats. Intraday rally off the lows to unch due to jawboning about tariff talks that have yet to materialize.

 

If only the Democrats had been able to run a competitive race. Instead they put forward a blathering moron trying to sell socialism-lite. Can you imagine how much worse it would have been?

There's always 2028. Maybe AOC can handle the job?

 

socialism: farmers getting subsidies to offset the lost business from the trade war.