Can someone tell me why the stock market waits until the day after the tariffs take effect to tumble? They can price in rate cuts months before they happen, but tarrifs, they show up late to the party?
I have almost had it with the stock market. They react to us being in a recession when we've been in one for 2 years. They react to stagflattion a year late. The markets seem to be the blind leading the blind.