Thursday, August 1, 2019

Tweet takes market down 500 points!

The market was up over 300 points after traders sifted through the comments from the FED and realized yesterday was an overreaction. Then Trump tweets about adding a 10% tariff on $300b of good from China, and market is down 200 points now roughly 30 minutes after the tweet!  Who ever thought we would be in a time where a tweet from anyone could totally derail the market and cost investors everywhere thousands or millions of dollars. Today would have been a great day for your 401k’s, and with one tweet it will end up being a terrible day.

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