Trump's breaking point could come soon, analyst tells BI
(Business Insider) -snip-Trump's unflinching pursuit of his protectionist agenda has come at a cost: The S&P 500 officially entered a correction on Thursday, down 10% from its February peak.
So far, Trump's team has shown that they're willing to tolerate stock market pain but at some point, that pain may become unbearable.
Marko Papic, the chief strategist at BCA Research, thinks Trump might not be far away from his breaking point. He said a 15% to 20% decline in the S&P 500 could force the president to start walking back his trade war.
Economist Desmond Lachman, meanwhile, says the issue is less about a specific drop and more about how quickly and severely the sell-off unfolds: "What's occurred over the last couple of weeks, if that continues at this kind of pace, he'll have to cave."
https://finance.yahoo.com/news/trumps-breaking-point-could-come-213343951.html?.tsrc=daily_mail&segment_id=DY_VTO_CORE&ncid=crm_19908-1475736-20250315-0&bt_user_id=pTDoXUeASRIF%2BgOJAzKgQabQiOHepxYbnYFISm9vQxsuWrE44OlFo8PVfJlFgpc2&bt_ts=1742044053275

bucolic_frolic
(49,831 posts)teaser headline, sad what journalism has become.
Lonestarblue
(12,551 posts)Trump may be following Putins orders.
creon
(1,483 posts)I am not sure if those people actually care.
I think that they want to wreck the palce.
This will not end well.
Lovie777
(18,021 posts)C_U_L8R
(47,120 posts)for backing this Trump idiot to save millions in taxes, only to lose billions in lost equity and business opportunity. They should be demanding Joe Biden back with his vibrant economy. What numbskulls.
underpants
(189,975 posts)Returning wealth to its rightful owners as the saying goes.
underpants
(189,975 posts)he (ego) is completely unable to be wrong. His minions can be told night is day and theyll buy it. I see it everyday on Twitter no matter what happens.