this post was submitted on 03 Apr 2025
304 points (98.7% liked)

World News

45377 readers
4129 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS
 

Everything from crude oil to Big Tech stocks to the value of the U.S. dollar against other currencies fell. Even gold, which has hit records recently as investors sought something safer to own, pulled lower. Some of the worst hits walloped smaller U.S. companies, and the Russell 2000 index of smaller stocks dropped 5.9% to pull it more than 20% below its record.

Wall Street had long assumed Trump would use tariffs merely as a tool for negotiations with other countries, rather than as a long-term policy. But Wednesday’s announcement may suggest Trump sees tariffs more as helping to solve an ideological goal than just an opening bet in a poker game. Trump on Wednesday talked about wresting manufacturing jobs back to the United States, a process that could take years.

If Trump follows through on his tariffs, stock prices may need to fall much more than 10% from their all-time high in order to reflect the recession that could follow, along with the hit to profits that U.S. companies could take. The S&P 500 is now down roughly 11% from its record set in February.

“Markets may actually be underreacting, especially if these rates turn out to be final, given the potential knock-on effects to global consumption and trade,” said Sean Sun, portfolio manager at Thornburg Investment Management, though he sees Trump’s announcement on Wednesday as more of an opening move than an endpoint for policy.

you are viewing a single comment's thread
view the rest of the comments
[–] SunshineJogger@feddit.org 38 points 1 day ago (2 children)

Oh, good that I bought cryptos and etfs instea.... Oh fuck.

Ah well, this timeline is this timeline. It's all just going down the brown

[–] wise_pancake@lemmy.ca 21 points 1 day ago* (last edited 1 day ago) (2 children)

I’ve never liked the argument crypto is good for diversification.

A lot of the studies on it are from pre-Covid when crypto was on a rocket ship, so the lack of correlation is actually a false signal.

I do own a bunch of crypto, but not as a diversification tool.

[–] SoftestSapphic@lemmy.world 13 points 1 day ago* (last edited 1 day ago) (2 children)

All Crypto is a scam designed to make you lose money, unless you can posess enough of it to manipulate its value and use it to take money from others.

[–] wise_pancake@lemmy.ca 5 points 1 day ago

Yeah I used to cynically buy shitcoin volatility…

I’m kind of bagholding some btc right now though.

Crypto is scammy for sure

[–] lumony@lemmings.world -2 points 1 day ago (2 children)

Not really.

A lot of coins are scams, yes. But the concept of cryptocurrency has very valid uses in replacing the current fiat system perpetuated by governments.

[–] DarkDarkHouse@lemmy.sdf.org 9 points 22 hours ago (2 children)

Cryptocurrency is a fiat system perpetuated by scammers.

[–] WhyJiffie@sh.itjust.works 1 points 17 hours ago

most of them, yes. most of them don't have any real purpose than making a select few rich. but there's also a few (1 or 2 so far as I know) that's purpose is private payments over the internet, a purpose for which most of the others are basically useless

[–] SoftestSapphic@lemmy.world -1 points 1 day ago (1 children)

Sunken cost falacy has you shilling for scammers.

Sell your shitcoins and free yourself, you're not getting that money back bud.

[–] lumony@lemmings.world 2 points 1 day ago

If you look at the cryptocurrencies, they all go up and down with each other.

Really puts into perspective how far-reaching the investor class actually is.

It's funny though, because to them, all those "nerd" coins might as well be the same.

[–] Vanilla_PuddinFudge@infosec.pub 5 points 23 hours ago

Crypto, especially BTC, always nosedives with stocks.

You can make out ok if stocks are steady but inflation is rampant, but right now, there's zero hype to pump BTC with.