U.S. stock futures tumble indicating another plummet on Wall Street

Posted by pmags 4/6/2025

U.S. stock futures tumble indicating another plummet on Wall Street(www.reuters.com)

189 points | 307 commentspage 3

Overtonwindow 4/7/2025|

I think will be OK unless it starts getting down to where it was from 2020-2023.

megamike 4/7/2025||

tariffs? its hard! https://www.youtube.com/watch?v=uhiCFdWeQfA&t=57s

bhaak 4/7/2025||

How long until the Americans are trying to get rid of their king if he keeps up with this irrational behavior?

Last time he was on the other side of the Atlantic. It must be easier if he’s on the same continent, right?

RockofStrength 4/6/2025||

If nothing changes the market will drop 20% next week.

01100011 4/6/2025||

Yeah I bought at Friday's close. Sorry.

Ancalagon 4/6/2025||

Certainly makes me want to give up participating in this stupid economy when one man his billionaire lackeys can crush years of hard work and savings.

It’s really infuriating.

Marsymars 4/6/2025|

He probably hasn’t really done that. e.g. If you’ve saved $x/month and put it into SPY, I’m not sure you could pick any starting point where you now have years’ less wealth than if you’d put everything into short-term federal bonds (or even plain cash) instead of SPY.

Ancalagon 4/7/2025|||

The returns from the S&P500 for cash invested a year ago are less than a high yield savings account.

Marsymars 4/7/2025||

Sure, but if you’ve only been investing your money for the past year, even a 100% drop in the S&P 500 only gives you a single year’s less wealth, not multiple years lost.

ModernMech 4/7/2025|||

The person you responded to said “can crush” not “has crushed”, so your pedantic point isn’t warranted.

acidmath 4/6/2025||

[dead]

amazingamazing 4/6/2025||

[flagged]

matwood 4/6/2025||

The rich will be fine. This is what the start of a recession looks like.

amazingamazing 4/6/2025||

the rich, e.g. top 10% are definitely more affected by stock prices than bottom 50%. if your goal is to punish rich people it would look pretty much like this.

if you’re so confident there will be a recession let’s do 1000 to 1 odds for next 12 months. bitcoin. ya?

matwood 4/6/2025|||

A rich person who had 10M and now has 8M is still rich. Raising prices on everything through tariffs also does little to impact the rich, but destroys the bottom 50%, along with the recession that's likely to follow. If the goal was really to punish the rich, it would be through tax policy.

amazingamazing 4/6/2025||

[flagged]

paranoidrobot 4/6/2025||||

The rich might be more exposed to stock market fluctuations, but they are fundamentally in a better place to leverage the changes in the market to either improve or at the very least maintain their position.

The real impact will be felt by the people on the lowest end of the financial wealth scale.

If the price of food, energy, clothing, housing, appliances, etc goes up - that means a lot more to those with the lowest wealth. The more wealthy you are, the less that is going to have a direct impact on you.

If this were "eating the rich" then we'd see direct taxation or asset seizing from the wealthy, not raising of tariffs.

lokar 4/6/2025||||

It depends what you mean by affected.

If you mean, decline in net worth and or income, sure, the rich

If you mean standard of living, disposable income and general economic stability, then for sure the poor are more impacted

RangerScience 4/6/2025||||

Math doesn’t math because it’s not about absolute losses, but practical losses.

If you go from 100mil in assets to 10m, you’re fine. If you go from 100k to 10k, you’re not.

amazingamazing 4/6/2025||

you think poor people have 100k in equities? lmao

triceratops 4/6/2025|||

What about people going from "negative net worth, but employed" to "laid off because the company's stock price is down"?

amazingamazing 4/6/2025||

the exact same could be said if you taxed corporations more w.r.t. lay-offs so no I don’t really care. unless you’re arguing that taxing corporations similar to these tariff amounts wouldn’t result in layoffs?

RangerScience 4/7/2025|||

No, but I needed some kind of number (100k in equities would be middle/upper-middle class?). Ah; I should’ve gone with 10m-to-1m and 100k-to-10k income. Those are reasonable numbers for either end of the scale, and illustrate the point.

m101 4/6/2025||||

The stock price, in this instance, is moving for a reason and that reason is in keeping with almost everyone being poorer. I was lukewarm trump, but this move was exceptionally stupid in the face of alternatives that exist.

whateveracct 4/6/2025||

Why were you even lukewarm Trump when this exact tariff plan was a flagship part of his platform?

m101 3 days ago|||

The fact that markets moved tells you that his plan was not as expected. It is either strategic negotiating genius, or downright stupid. It is however, undoubtedly, unexpected.

pseudalopex 4/7/2025|||

Tariffs were part of his platform. When did he say he would place 10% to 50% tariffs on all countries excluding Russia, Belarus, North Korea, and Cuba?

whateveracct 4/7/2025||

> Trump has called for a universal baseline tariff[31] of 10% to 20% on all imports,[176][177] with increased penalties if trade partners manipulate their currency or engage in unfair trade practices.[26] Trump has also called for 100% tariffs on cars made outside the U.S. and a minimum 60% tariff on Chinese goods.[176]

Per Wikipedia for his campaign https://en.m.wikipedia.org/wiki/Donald_Trump_2024_presidenti...

Doesn't sound much different than what's happening

neogodless 4/6/2025||||

Wealthy people hold diversified assets (including cash buffers).

Market fluctuations are temporary and benefit the wealthiest who are able to balance their asset allocation, shifting stable or growing assets to buy other assets with depressed prices.

The wealth will get richer, while the poor will literally not eat, whether due to poor economic conditions, or because of a massive attack on social safety nets, or a combination of those things.

_whiteCaps_ 4/6/2025||||

The rich are making a killing with hedge funds and puts.

amazingamazing 4/6/2025||

no they’re not. go look at the volume

triceratops 4/6/2025||||

What's the first thing a CEO does when the stock price falls?

0003 4/6/2025||||

In capitalism the profits will flow to the top no matter what happens. This is a handslap. Taxing Wealth and obscene profits, and treating collateralized debt as selling the underlying would be more reasonable. Instead we are tanking the global order we built because we don't want to tax the status quo.

01100011 4/6/2025|||

Per Gemini:

In the United States, stock market wealth is highly concentrated, with the wealthiest 10% owning a record 93% of all stock market wealth, while the bottom 50% owns just 1%.

OP isn't wrong.

OmarIsmail 4/6/2025|||

On a relative and even absolute basis the wealthy will lose substantially more money.

On a personal quality of life basis the middle class will get hit the hardest. It will impact retirement timelines, vacations, home renovations, car purchases, etc. seeing their 401k go down will make them feel poorer and want to save more and thus reduce their discretionary spending and reducing the amount of fun and entertainment they enjoy.

01100011 4/7/2025|||

At most it will hit retirement timelines of anyone retiring in the next 5 years. Come on man. Most people don't hold cash for vacations in the stock market.

Anyone doing 60/40 isn't doing all that bad right now anyway. And this "market crash" (haha compare to '00 or '08) is on top of massive gains in the past few years.

amazingamazing 4/6/2025|||

this simply isn’t true at all. ignore the top 10%, the vast majority of americans do not have any real exposure to equities.

hobs 4/6/2025|||

Yes, they are - the "rich" will take a haircut and not care because they fundamentally own the economy itself.

The "middle class" or what's left it (see techies and their RSUs) are the ones who actually care about the stock market in the short/medium term because all their money is tied up in it, and their lucky bets are all that stand between them and being working class.

The working class has been screwed six ways to sunday, so they don't really care except insofar as it might mean we're doing stupid stuff like getting in more wars, or making it impossible to pay rent.

eszed 4/7/2025|||

Yes. From that standpoint (which I want to persuade everyone to adopt), we're all "Working Class", and we need to stand together.

01100011 4/7/2025|||

You mean the techies who saw massive gains over the past few years and were fools if they adjusted their spending as if it was going to continue forever? No man, I think we will be fine. Sorry if you can't send your kids to a top school or buy another tesla. If you consider your RSUs part of your salary and not a bonus you are not being responsible with your family's finances.

atleastoptimal 4/6/2025|||

Were the wealthy hurt more by 2008 compared to the working-class? And I don’t mean in percent net worth terms, I mean relative degradation in lifestyle.

jwagenet 4/6/2025|||

Of course the wealthy stand to lose more, in relative terms. Lifestyle creep is real and expensive. However, they wont have trouble maintaining a baseline quality of life: getting jobs (if they need to), getting food on the table, paying for healthcare, and covering property costs . The poor and middle class, on the other hand, may not have as much to lose in lifestyle because they couldn't afford it anyway and they do stand to lost of quality of life if they are squeezed.

amazingamazing 4/6/2025||

believe it or not, but poor people aren’t affected directly by stock prices. it’s like saying poor people have been benefitting from the bull market in the past decade.

jostmey 4/6/2025|||

No, but investment banks were bailed out by the federal government at the taxpayer’s expense while the lower classes saw nothing

smegger001 4/6/2025|||

>this is what eating da rich looks like, and no, poor people don’t have 401ks either,

Bullshit. Many Walmart floor associates have 401ks and many of them are on food stamps.

butterlettuce 4/6/2025||

I hope it corrects to 2018 levels. I missed out on all the action these past years

Aurornis 4/7/2025|

No, you don’t. The stock market isn’t something that happens in isolation. It’s going down because the economic future is looking very bad.

So if it did crash to 2018 levels, you’d get some cheap stocks but the world would be on fire. The companies would be cheap because their future would be bleak. Under extreme tariff regimes, their competition would come from companies outside the country.

slicerdicer2 4/6/2025|

One factor that the media has missed is that the "dork right" who support trump have the bitcoin put option.

Elect trump -> his crazy ideas work -> stonks go up -> get rich

Elect trump -> his crazy ideas destroy USA -> USD collapses -> BTC goes to infinity -> get rich

wdpk 4/6/2025||

BTC/USD is down as we speak 6% around 78k... if anything the riskier the asset the more downside there is

astrange 4/6/2025|||

BTC is a risk asset owned by US institutions, so that won't happen. It's basically another version of QQQ.

slicerdicer2 4/7/2025||

QQQ hasn't gone up 1000000% in 15 years

astrange 4/7/2025||

Any gain can be a 1000000% gain with enough leverage.

Tadpole9181 4/7/2025|||

I don't follow. If the economy collapsed, nobody would want fake money you can't spend whose value relies on someone else with excess income.

Gold is a significantly better, safer purchase.

HDThoreaun 4/7/2025||

Or everyone moves to the euro/yuan and BTC is unchanged