I've seen waaaaaaay to many posts recently on multiple sites/apps regarding the stock market and how it's crashing under Trump... I dreaded politics when I was younger because it was always so divisive and more importantly, in my eyes, neither party was transparent. As I've gotten older, my feelings aren't as bad regarding politics as a whole but my feelings, towards each party in regards to the divisiveness they create and carry on has gotten worse. These feelings sometimes carry over to my network of friends, family, and community because a lot of times differences of opinion or feelings toward a political party or person also create a divide.
The main reason for this post is to point out a few reasons why people shouldn't have your panties all in a bunch regarding Trump... I included a screenshot of the stock price action for
SPY in 2022. As you can see, there were 4 different occasions, from Jan to Oct, where the market dropped double digit percentage points. Let's recap...
1/4/22 to 2/24/22, in 51 trading days the price dropped over 14%
3/29/22 to 5/20/22, in 52 trading days the price dropped over 17%
6/2/22 to 6/16/22, in 14 trading days the price dropped almost 13%
8/16/22 to 10/13/22, in 58 trading days the price dropped 19%
With that being said, from Jan to Oct of 2022, the market tumbled almost 27%. I don't recall seeing as many frantic posts, news commentators dragging and blaming the president everyday, or the POTUS supporters or non-supporters of the democratic party pointing fingers as much as I have recently.
I say this with all due respect to everybody and their individual opinion towards a party or person... I have never nor will I, ever attach my beliefs or moral compass to any specific political party or person so much that I need to block a friend (maybe not a friend to begin with), family member, or anyone else just because they disagree with me. I always loved diversity and it seems to be have become a distant memory to some just because of a difference in opinions. Obviously, this is a conversation that can go on for awhile but I just wanted to get that off my chest while also reminding some to reserve their panicking of a stock market crash or that the world is about to end because of the price of eggs or talks of changes in tariffs.
Again, just take a look back at the market in the year 2022 and remind yourself... the market has always had corrections throughout it's history and every time, it has rebounded and continued to evolve.
The main reason for this post is to point out a few reasons why people shouldn't have your panties all in a bunch regarding Trump... I included a screenshot of the stock price action for
SPY in 2022. As you can see, there were 4 different occasions, from Jan to Oct, where the market dropped double digit percentage points. Let's recap...1/4/22 to 2/24/22, in 51 trading days the price dropped over 14%
3/29/22 to 5/20/22, in 52 trading days the price dropped over 17%
6/2/22 to 6/16/22, in 14 trading days the price dropped almost 13%
8/16/22 to 10/13/22, in 58 trading days the price dropped 19%
With that being said, from Jan to Oct of 2022, the market tumbled almost 27%. I don't recall seeing as many frantic posts, news commentators dragging and blaming the president everyday, or the POTUS supporters or non-supporters of the democratic party pointing fingers as much as I have recently.
I say this with all due respect to everybody and their individual opinion towards a party or person... I have never nor will I, ever attach my beliefs or moral compass to any specific political party or person so much that I need to block a friend (maybe not a friend to begin with), family member, or anyone else just because they disagree with me. I always loved diversity and it seems to be have become a distant memory to some just because of a difference in opinions. Obviously, this is a conversation that can go on for awhile but I just wanted to get that off my chest while also reminding some to reserve their panicking of a stock market crash or that the world is about to end because of the price of eggs or talks of changes in tariffs.
Again, just take a look back at the market in the year 2022 and remind yourself... the market has always had corrections throughout it's history and every time, it has rebounded and continued to evolve.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.