So, the U.S. stock market is basically having a midlife crisis. Thanks to yet another showdown between President Trump’s trade tantrums and his personal vendetta against the Fed, investors are running for the hills—or at least their crypto wallets.
The DOW Jones dropped a staggering 976.23 points (that’s 2.49%, in case you lost count), like it tripped on a banana peel in broad daylight. Meanwhile, the S&P 500 decided to sulk with a 2.63% nosedive, and the tech-savvy Nasdaq just couldn’t help itself, tumbling 2.97%. Drama much?
Oh, and the U.S. dollar index? It’s flirting with its lowest lows since 2022, clocking in at 97.92. President Trump has been throwing shade at Fed Chair Jerome Powell like he’s on a reality TV show—you know, calling him a “major loser” on Truth Social and demanding he slash interest rates like it’s Black Friday. 🛒
Meanwhile, Bitcoin (BTC) is doing its best impression of a knight in shining armor, hitting a daily high of $88,460—because when the dollar’s wobbling, some folks figure digital gold is a better shield. Speaking of gold, it’s strutting its stuff too, up almost 3% at $3,413 an ounce. Glitter is back, baby! ✨
Trump’s Fed Roast: “Mr. Too Late,” Please Slash Those Rates!
On April 21, our favorite ex-president aired his grievances about Powell and begged for rate cuts to shock the market back to life. His logic? Lower energy prices caused by recession jitters = inflation under control. Or something like that. 🤷♀️
Powell, on the other hand, remains the unfazed hero in this saga. No drama queens here. He insists the economy is still ticking along nicely despite the wild market mood swings, applauding robust job numbers. Basically: “Chill out, I got this.”
Since day one, the Federal Reserve has been playing the lone ranger, making monetary calls without Uncle Sam’s interference. This independence is key to keeping Uncle Dollar strong—not letting political tantrums turn money into Monopoly play money.
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2025-04-21 20:46