(I wrote this in reply to someone who sounded like with the big tariffs rollback, and the big nearly double-digit percentage climb in the markets, that the markets were getting back to normal)
The S&P 500 closed Wednesday April 9 at 5457, up 9.5% for the day,
and down 5.6% from the 5783 election day closing level,
and down 9.0% from the inauguration-eve level,
and down 7.2% year-to-date,
and down 11.2% from its all-time closing high of 6144 on Feb 19.
The S&P 500 is almost but not quite back to where it was on April 2
so it's not like it has recouped the whole slide since February 19, nor will it.
https://finance.yahoo.com/quote/%5EGSPC/history/
Just so people understand that the "tRump trade" is still plenty underwater.
As for the tariffs - they are still the highest in a century. Not counting China. The 125% tariffs on China will have a big impact on prices and supply chains if it is kept on.
https://www.democraticunderground.com/100220225255
https://www.democraticunderground.com/100220225270
S&P 500 futures are down by 2.3% as I post 8:51 AM ET 4/10. Not a humongous drop, but the wrong direction for supposedly fixing the tariffs problem. Dow futures down 1.6% (644 points)
The CPI inflation report will be released in about 40 minutes.
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