Mark down March 3, 2025. That was the day Wall Street finally realized that US President Donald Trump was serious about tariffs. On Monday, the S&P 500 fell nearly 2 percent as Trump confirmed what we at the Atlantic Council predicted in February—that the tariffs on Canada and Mexico were not mere threats, but actually likely to be implemented. The stock markets continued to fall on Tuesday as investors processed the news.
Yes!
But the covid situation is way worse than you think. The government stimulus was really helpful to the poor and middle class, but they spent all that money.
And who profited from that? The asset owners. Covid stimulus essentially was a direct transfer from the government to company owners and house rentals. These rich guys then used it to buy other assets such as more houses, equities and businesses. That’s why the stock market went up - your money went straight into it.