The start date for consideration is Jan. 20.
I believe most consumers spend the bulk of their money on housing, food, and transportation, the prices of which are dropping and not rising. Their time is consumed with working, staying healthy, making it to wrestling or baseball events, etc. They see or hear the headlines but notice, for now, things are getting better, or at least, smoothing out.
The stock market isn’t reacting to tariffs, it’s a normal correction that has been in the forecast for some time. It happens occasionally and there’s always an excuse, Arab selling, good news, bad news, war, etc. What was the similar drop attributed to in 2022, I forget. It would have started as soon as the election was over if it was caused by tariffs as Trump ran on increasing tariffs, it was not unexpected, nor unforeseen.
On tariffs, why do people believe that 250+% tariffs on U.S. dairy products to Canada are fine, but 25% tariffs on Canadian products to the U.S. are catastrophic? The tariffs Trump imposed during his first term didn’t cause the harm that was predicted. They were mostly retained by the biden administration and in some cases, increased. In any case, they could only be said to have benefited obtaining the trillions of investments companies, many foreign, have committed to. Jamie Dimon isn’t real reliable. I bet you’re smarter than him, aren’t you?
Just wanted to add that during these last few days of the stock market losses, our stocks went up.