tequila4kapp said:
Eastern Oregon Bear said:
Trump flinched, couldn't stand firm. Thank goodness.
Not exactly. Trump juxtaposed treatment of those who didn't retaliate / asked to make a deal vs treatment China. There are reports of a potential trading block to isolate China. Macron / EU supposedly commenting about not letting China dump their cheap products in their markets. TBD.
You still don't get what just happened here.
The yield on the 10-year backed up to 4.50% even with all of the carnage in the stock market.
Jamie Dimon (and everyone else with a brain) saw this and went on TV to say that you're heading into a Recession and there's nothing you can do about it. Scott Bessent knows full well that something was about to "break". He used to be a partner with Soros in the Quantum Fund in the 90's. He's not stupid.
Trump just happened to be watching Dimon on TV without having idiots like Lutnick and Navarro in the room.
Their stock has gone down the tubes and they're probably going to be FIRED.
That will be Elon's parting shot. Like Bannon getting forced out.
Bessent's stock went up.
Thank God for Jamie Dimon.
Trump caved.