Nasdaq plummets over 1100 points!
- Thread starter NJPSU
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NJ in the House! With a market post, no less! Good to see you here, NJ. 
The stock market is tumbling today due to a surprisingly strong U.S. jobs report and growing investor concerns that the Federal Reserve may raise interest rates rather than cut them. This triggered a major sell-off in technology and semiconductor stocks as Wall Street reevaluates the sustainability of the AI rally. [1, 2]
- Hot Jobs Data: The Labor Department reported that the U.S. economy added 172,000 jobs in May, nearly doubling the forecasted expectations, while the unemployment rate remained at 4.3%. [1, 2]
- Interest Rate Jitters: While a strong economy is typically positive, this "good news is bad news" scenario stoked inflation fears and diminished the possibility of future rate cuts. The 10-year Treasury yield surged past 4.5%, prompting a flight from riskier assets. [1, 2, 3]
- Tech Sell-Off: Tech-heavy indexes are suffering their worst declines in over a year. Disappointing guidance from major chipmakers (like Broadcom) earlier in the week sparked fears that the AI boom and capital spending may be slowing down. [1, 2, 3]
- Market Impact: The Nasdaq Composite plummeted roughly 4%, the S&P 500 fell over 2%, and the Dow Jones Industrial Average dropped significantly. Major tech giants, including Nvidia, Tesla, and Microsoft, experienced steep losses. [1, 2, 3]
Trump will shiit his pants again once Warsh has to raise interest rates in September.
So after SPY hits an all-time high yesterday, the only thing that can slow Trump’s rocketing market is a strong jobs report (thus less chance of a rate cut).
Cracks me up that you libtards think this is a bad thing.
Dear Magatard, please note that I only responded to a request and added no commentary. You are a stupid person.So after SPY hits an all-time high yesterday, the only thing that can slow Trump’s rocketing market is a strong jobs report (thus less chance of a rate cut).
Cracks me up that you libtards think this is a bad thing.
Thank you for your attention to this matter.
Guess a good job market wouldn’t mean much to a bunch of grifters.
Sleepy better start focusing more on the bond market- when rates go up, it trickles through everyone's variable debt, auto loans, mortgages and even treasuries- at the rate he is blowing money plus the ongoing refinancing of existing debt, won't take many more 50 basis point increases until the entire US budget is simply "debt servicing". Nothing he is doing or has done has helped the bond market- in fact an overheating/bubble stock market only drives the bond rates up. He is too busy focusing on the shiny toy that he is missing the real danger.So after SPY hits an all-time high yesterday, the only thing that can slow Trump’s rocketing market is a strong jobs report (thus less chance of a rate cut).
Cracks me up that you libtards think this is a bad thing.
He's here. Contributing his own particular input. I'm sure he'll weigh in.Where’s my buddy Bdgan?
Tubby T - Do you get an inflation adjustment on your regular allowance from the in-laws?
I’m not a pathetic grifter, so don’t know how that works.
there's lots in this economy to feel good about and a lot to scare you to death..
So after SPY hits an all-time high yesterday, the only thing that can slow Trump’s rocketing market is a strong jobs report (thus less chance of a rate cut).
Cracks me up that you libtards think this is a bad thing.
it cracks me up that you magats now trust the initial jobs report
In fairness, COVID is responsible for two of those. Three of those were the tariff TACOing of spring 2025, but the market sure rebounded nicely.
WTF explains yesterday?
Okay, I have to ask. WTF is up with all these MAGA “bozo’s” randomly putting in apostrophes where they don’t belong? This is a weird and head scratching trend I have noticed.
Why?
I added the context for the drop yesterday but you might have missed it.
Market was roaring a hundred years ago—-until it wasn’t. History doesn’t always repeat but it does often rhyme. Debt is real and doesn’t go away, stock market gains aren’t real until you cash out. Let a few start cashing out.
What are you even rambling about. Of course the market goes up and down.
I've come to learn you are just a whiny bitсh
Where’s my buddy Bdgan?
He is here saying some really dumb things. Then, he disappears. It's like classic magat pea brain syndrome.
Wait, you expect these magat morons to understand any of this?
Not whiny, just not a kool-aide drinking cheerleader without any objective criticism of Sleepy.
You were one touting a rising market as the sign of the savior's second coming. I am only pointing out that markets do rise, sometimes for perverse reasons and sometimes do in fact crash for other reasons. Seems we at least agree on that.
Independent, not a member of either cult. I refuse to worship a couple of failed political hacks, especially yours. This fact is what really upsets you.
I want what is best for the country as a whole and do not care if it makes Republican or Democratic party hacks look bad. Sorry you are upset.
I’ll be honest I got you confused with another poster with a similar handle.
I don’t worship anyone and nothing upsets me except Democrats not having a primary and installing the worst candidate in US political history. You had no say. Kamala would t have finished top 3 in an open primary.
Trump was absolutely the best choice for the country. I’d vote the same way 1000 times over.if you don’t see that you are blind as a bat.
Who do democrats have in the stable that are economically literate? AOC? lol.
Democrats need to look in the mirror.
Criticize Trump all you want. Democrats will lose, lose, lose, if they don’t start putting up better candidates and focusing on what they can do for the American voter instead of Trump bad.
Market now anticipating 1.5 rate HIKES by the end of the year. September meeting is 50-50 and December meeting is implying a hike.
Oil still $90 a barrel. Market shook it off for a long time, but it may be finally acknowledging that it may not correct fast enough.
I expect volatility to stay elevated all week.
Earnings are still good. All these companies are printing money, unlike the .com era. All these companies are investing record amounts, I don’t think they will miss. I expect very high growth 1-2 years out.
Snp still trading around 20.5 forward earnings, relatively high on a historical scale.
Oil still $90 a barrel. Market shook it off for a long time, but it may be finally acknowledging that it may not correct fast enough.
I expect volatility to stay elevated all week.
Earnings are still good. All these companies are printing money, unlike the .com era. All these companies are investing record amounts, I don’t think they will miss. I expect very high growth 1-2 years out.
Snp still trading around 20.5 forward earnings, relatively high on a historical scale.
I'm a long term investor...just bought some income producing ETFs on Friday.
oh sweet Jeebus. This from the same guy that clutched his pearls for the inevitable Armageddon every time the market farted when Biden was president. MAGA hypocrisy is a disease.