#TarrifsPause
A song that America keeps using, since the SEC and ETF are being used again.
April 7, 2025: The US stock market pump-dump more than 5 trillion USD in market capitalization due to "fake news" 🙄
- 09:10 PM (VN time): Rumors emerge about the White House considering postponing tariffs for 90 days.
- 09:15 PM: CNBC reports that Trump is considering postponing tariffs for 90 days for all countries, starting with China.
- 09:18 PM: The S&P 500 index increases by nearly 3 trillion USD in market capitalization.
- 09:25 PM: News appears that the White House denies the postponement of tariffs for 90 days.
- 09:26 PM: CNBC admits that the news about postponing tariffs is inaccurate.
- 09:34 PM: The White House officially denies the news of postponing tariffs.
- 09:40 PM: The S&P 500 erases 2.5 trillion USD in market capitalization that had just increased 22 minutes earlier.
This is the first time in the history of the US stock market that a rumor could cause market capitalization to fluctuate by more than 5.5 trillion USD in less than half an hour. 😰
April 8-9: The drama escalates with absurd statements...
By April 9, the official news comes out: postponing tariffs for 90 days.
Cat tricks