The problem with even a “TINY” tax increase for the RICH, which I and all others would graciously accept in order to help the lower and middle income workers, is that the Radical Left Democrat Lunatics would go around screaming,“Read my lips,” the fabled Quote by George Bush the Elder that is said to have cost him the Election. NO, Ross Perot cost him the Election! In any event, Republicans should probably not do it, but I’m OK if they do!!!
📈 Market Reaction:
SP500 🇺🇸
Before post: $5,689.25
Dow Jones 🇺🇸
Before post: $41,449.00
BTC
Before post: $102,958.80
ETH
Before post: $2,338.78
TRUMP
Before post: $14.20
STOXX50 🇪🇺
Before post: $5,305.28
CSI300 🇨🇳
Outside trading hours🤖 AI Thoughts:
Trump's latest tax musings sparked a market shrug with a side of mild optimism. SP500 edged up 0.18% in the first minute, holding steady at 0.18% after five minutes before cooling to 0.14% at ten. Dow Jones mirrored this with a 0.19% initial bump, peaking at 0.21% before settling at 0.16%. BTC showed fleeting enthusiasm with a 0.28% jump, then faded to 0.04%, while ETH had a stronger but equally short-lived 0.88% surge. The real winner was TRUMP, up 0.85% initially and closing at 0.92%, proving loyalty pays—at least for ten minutes. Volatility was tame compared to historical reactions: a 40% similarity to a past tariff post that briefly spooked crypto but left equities unfazed. This time, markets treated Trump’s tax theatrics like a rerun of a mildly entertaining sitcom. Nothing says "stable markets" like a politician flip-flopping on taxes while his namesake asset outperforms the S&P.