Ah, what a glorious day it was, or so it seemed, for the U.S. stocks! But lo and behold, the mighty President Trump, with his ever-clarifying thoughts on tariffs, has cast a shadow over the market’s bright dawn. 🌥️
In a rather theatrical post on his Truth Social, lamenting the flood of drugs from the north and south, our dear leader announced that tariffs would commence against Mexico and Canada on the fateful day of March 4 (next Tuesday, mark your calendars!). And as if that wasn’t enough, a delightful 10% tariff on China will also join the party that day. 🎉
Just yesterday, during a cabinet meeting, Trump hinted that these tariffs might not rear their heads until April. Oh, the suspense! 🎭
Once soaring ahead by more than 1%, the Nasdaq 100 futures have now trimmed their gains to a mere 0.6%. The S&P 500 futures are barely clinging to life with marginal gains, while the Dow futures have decided to take a little dip. 🏊♂️
In a twist of fate, the U.S. dollar index has shot up by 0.5% in response to this news. Who knew tariffs could be so… invigorating? 💪
Meanwhile, our dear crypto, already drowning in a sea of woes over the past days and weeks, is holding on for dear life at low levels. Bitcoin (BTC) remains as stable as a tightrope walker at $85,600, barely changing over the past hour. 🎢
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2025-02-27 17:28