Following a rally, another tumble in the stock market, the tumble aided and abetted by moron madman Malignant Loser, economic genius:
What was a massive rally on Wall Street turned into yet another sizeable decline.
Cheap stocks and hope for signs of trade negotiation sent markets surging Tuesday morning — but that relief rally evaporated as the White House said it would levy enormous tariffs on China.
US stocks tumbled solidly into the red in the afternoon. The Dow fell 320 points, or 0.84%. The broader S&P 500 fell 1.57%. The tech-heavy Nasdaq Composite slid 2.15%.
The S&P 500 closed at its lowest level in almost a year. The Dow and Nasdaq both closed at their lowest level since January 2024.
Markets fell because President Donald Trump is set to impose an additional 84% in levies across all Chinese imports on Wednesday, White House Press Secretary Karoline Leavitt announced Tuesday. That will mean all goods from the country are subject to a tariff of at least 104%...
China has said it will fight these tariffs "to the end," so as far as the "hopes" of savvy Wall Street numbnuts, "if hopes and dreams were peaches and cream..."
(Image: he opened his mouth and the market went "boom"/ AP/ Shutterstock)
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