Biden Exit Leaves Markets Expecting Volatility

    https://www.bloomberg.com/news/articles/2024-07-21/biden-exit-leaves-markets-asking-what-s-next-for-trump-trade

    Posted by s1n0d3utscht3k

    38 Comments

    1. throwaway_0x90 on

      I can’t believe I learned of this first on WSB ![gif](emote|free_emotes_pack|dizzy_face)

      So earlier I said no rate changes before election and mods can ban me for a month if I’m wrong. The only caveat was if something crazy happens.

      Biden dropping out is crazy so I take back my bet ![gif](emote|free_emotes_pack|dizzy_face)

    2. MiakodaDaBirb on

      get ready for this post to get dropped by admins, they been deleting like crazy on this topic

    3. I don’t know if I’m high on copium, but TSM did pretty well under Trump’s first presidency, both pre and post Covid.

    4. Trump will let China invade Taiwan and withdraw aide from Ukraine, puts on everything

    5. if Trump wins the stock markets will crash. The stock markets only thrive in a globalist world without trading barriers and tariffs.

      But Trump 2.0 is pure nationalism, his VP even wants to break up banks or big tech, slap tariffs on every country. This will lead to retaliatory tariffs from the affected countries. It will cause huge harm for stocks and the world economy.

      Republicans are sadly increasingly against free markets, this whole party is fundamentally changing. In a few years there are only the democrats left who are for free market capitalism.

      All in all the markets will react positive tomorrow, because there is a now a chance that the economy nationalist Trump will lose in November.

    6. Life-ByDesign on

      I don’t thinks so. It’s already done. He’ll be in office until end of term.
      The uncertainty no longer exists.

    7. TomatoSpecialist6879 on

      I’m surprised he relented considering his open defiance despite mounting pressure both internally and externally. Obama telling him to reconsider his bid must have really hurt him

    8. Putrid-Variety8496 on

      I’m pretty sure this was already priced in last week when the demorats were calling for him to step aside

    9. Stockengineer on

      Wasn’t this priced in when he caught covid? Was already chatter he didn’t want to run.

    10. PhantomStranger52 on

      I’ve learned that being ghey doesn’t pay. My anoos hurt so I converted. Calls it is!!

    11. NQ future is already pumping up. ![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)

    12. Forte-Selvaggia-0729 on

      Bitcoin crashed today after the news, then mooned. It’s starting to look like a safe haven.

    13. _AtLeastItsAnEthos on

      Uncertainty likely means flat or down. I’d wager future bets on rate cuts, current economic conditions, and the fallout from crowd strike weigh much heavier

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