The stock market is a barometer for future predictions.
Stocks going down meant we were on track for everyone to have reduced buying power, which would impact company's bottom lines, which would make them less valuable.
Trying to see this as class warfare between investors and average people is missing the point.
Furthermore: Stocks are up, but yields did not drop. If this holds, it's still not good for the average person. Expect mortgage and auto rates to go up, combined with that 25% tariff on autos that wasn't delayed.
The stock market is a barometer for future predictions.
Stocks going down meant we were on track for everyone to have reduced buying power, which would impact company's bottom lines, which would make them less valuable.
Trying to see this as class warfare between investors and average people is missing the point.
Furthermore: Stocks are up, but yields did not drop. If this holds, it's still not good for the average person. Expect mortgage and auto rates to go up, combined with that 25% tariff on autos that wasn't delayed.