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Showing posts with the label Senator Adam Schiff

SHOULD YOU BE CONCERNED ABOUT SOCIAL SECURITY?

President Donald Trump's 90-day tariff reprieve, with China being the only exception, spurred the stock market to soar yesterday, the S&P by 9%, the third-largest gain in a day since WW2, the Dow Jones had its biggest percentage gain since March 2020 and the Nasdaq the biggest one-day gain since January 2001, and second largest ever. However , noting that this 90-day delay will still mean a 145% duty of all goods from China, 25% tariffs targeting much from Canada and Mexico and 10% levy on all other imports from the world over, the market sank again today:  S&P dropped 3.46%, Dow Jones down 2.5%  (1,015) and Nasdaq Composite declined 4.31%.  Gold rose to $3117.60/ounce, 3.2% higher.  Bitcoin fell to just under $80,000, Coinbase fell 6%, while Ether and Strategy lost 8%.  Tomorrow?  Depends on what Trump does to further his insider options. Time  magazine speculated : Other Democrats raised more serious concerns. Sen. Adam Schiff of California t...