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The S&P 500 lost more than $2 trillion in market capitalization within 15 minutes in reaction to Trump tariffs. (decrypt.co)

submitted 1 day ago by [email protected] to c/[email protected]

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[–] [email protected] 3 points 22 hours ago* (last edited 19 hours ago) (1 children)

As of 8:45 PM ET, Dow Jones futures were down 1.26%

(A) That was a temporary partial recovery. (B) That was Dow Jones, not the S&P. Nobody cares about the Dow Jones. It's not a real stock index.

you’ll get a big number like $2 trillion to make an alarming headline.

The 2 trillion drop from the article represented about 4% of S&P Market Cap. And as of now the S&P is again down 4% percent today. A 4% drop is an alarming headline. And it is only the first day.

Edit:

You were given the earliest notification of the 4% market drop in the entire lemmy/reddit ecosystem right here on [email protected] and you wasted it by pretending it didn't happen.

Now the drop is up to 5% of S&P market cap and 6% of NASDAQ. Did you really think that Trump imposing even larger tariffs than the Smoot Harley tariffs that triggered the 12 year Great Depression wasn't going to affect the stock market?

[–] [email protected] 2 points 15 hours ago

I would have gotten much earlier notice if I cared about the markets, followed the news, and actively traded. Articles like this are unhelpful because they are written to be as alarmist as possible, and aimed at people who don't understand the markets.

People in the comments believe the alarmist headlines, when they are deliberately written to sound as bad as possible.

Its not reasonable to make conclusions off of 15m of data. Its manipulative to cite large numbers deliberately without context.

The fact that the trend happened to continue this time doesn't make anything I said untrue. The news has claimed markets have "plummeted" many times this year only to immediately recover. Articles like this aren't good predictions because they have been wrong every other time.