

But the tariffs also pay the tax cuts that allow rich people to spend more and to invest more.
We saw how the stock market had nothing to do with the actual economic situation during Covid. While all indicators went down, stocks still went up.
As long as the core principal “US oligarchs get to profit of poorer people in the US and abroad” stays in place, probably the stock values will recover.
There wasn’t up and downs during Covid. There was a big dip at the beginning followed by a huge increase, lasting well into 2022, despite all the measures, recession and GDP going down. What reduced the index was the increase in interest rates.
The financial markets are strongly detached from the real economy.