US stocks were battered by a sell-off Friday after China retaliated against the United States for President Donald Trump’s tariffs in a tit-for-tat that escalates a global trade war.
The Dow plunged by 1,950 points Friday afternoon, or 4.82%, pulling back slightly after being down more than 2,000 points. The broader S&P 500 was 5.4% lower. The tech-heavy Nasdaq Composite was 5.36% lower and on track to close in a bear market — down more than 20% from its record high in December.
The problem is all his buddies know when he’s going to do something so they can easily time their trades.
If you don’t know when and what and how much, you’re going to be at a massive disadvantage.
E.g - I’m sure insiders billionaires knew what these tarrifs were going to be, and they could sell in advance. Everyone else just knew they were coming, but not what, so there was more hesitation and uncertainty. And then the billionaires will know in advance that he’s going to suddenly switch his mind, and we won’t know until he does it.