President Trump’s prediction of a market crash following a loss in the 2024 election appears to be coming true. His tariffs have rapidly shifted a bull market into a potential bear market, with the S&P 500 experiencing a significant 15% drop since his inauguration, exceeding the speed of any similar decline in modern presidential history. This market downturn, exacerbated by Trump’s “Liberation Day” tariff announcements, is accompanied by increasing recessionary forecasts from major financial institutions. The interconnectedness of Wall Street and Main Street, coupled with the widespread participation in the stock market, suggests a potential economic downturn impacting a large portion of the American population.
Read More
President Trump’s “Liberation Day” tariffs triggered a significant market downturn, with the S&P 500 experiencing a substantial drop following China’s announcement of retaliatory tariffs. Despite a positive jobs report, analyst concerns regarding the outdated nature of the data and the impending economic impact of the trade war overshadowed the positive news. This decline follows earlier market instability caused by Trump’s tariff policies and has led to increased predictions of a global recession. Retaliatory measures from major trading partners such as China and the European Union further exacerbate the situation.
Read More
Following the lifting of a Romanian travel ban, Andrew Tate, facing human trafficking charges, appeared at a UFC event alongside his brother and prominent figures including the UFC president and the FBI director, highlighting a stark shift in the US political landscape. This event, coupled with the rise of the manosphere and the resurgence of prominent figures accused of sexual misconduct, demonstrates a significant backlash against the #MeToo movement. Despite legal advancements and increased cultural awareness of sexual misconduct, the movement’s impact has been limited, with survivors facing significant risks and societal resistance persisting. While setbacks are evident, successful legal challenges against abusers, like that of Bay Higginbotham, offer a sliver of hope for continued progress.
Read More
In less than a month, the S&P 500 plummeted 10% from its record high, resulting in a $5.28 trillion loss in market value. This sharp correction follows a period of escalating trade tensions and weakening economic indicators, including sluggish consumer sentiment and retail outlooks. Concerns over erratic policy and the unwinding of the AI-driven growth trade, which inflated valuations, also contributed to the decline. The S&P 500’s current price-to-earnings ratio significantly exceeds its historical average, suggesting overvaluation before the correction.
Read More
The Democratic Congressional Campaign Committee criticized the Trump administration for the significant decline in the stock market since the start of his presidency. The S&P 500 plummeted from near 6,100 in early February to 5,614.56 by Monday, representing a substantial loss. Simultaneously, the Nasdaq Composite and Dow Jones Industrial Average experienced sharp drops, reflecting market anxieties surrounding the administration’s economic policies. Uncertainty over tariffs and other policy decisions contributed to this market downturn.
Read More
President Trump has temporarily replaced the iconic Resolute Desk in the Oval Office with the C&O Desk for refurbishment. The Resolute Desk, crafted from the HMS Resolute and a gift from Queen Victoria, has been a presidential fixture since 1961, used by nearly every president since then, except George H.W. Bush who favored the C&O. The C&O Desk, previously used by several presidents in other West Wing locations, now serves as a temporary replacement. Trump stated the change is temporary, while the Resolute Desk undergoes refinishing.
Read More
On Wednesday, protests against President Trump’s early actions took place in all 50 states, organized under the hashtags #BuildTheResistance and #50501. Demonstrations occurred at state capitols and major cities, fueled by grassroots efforts and online mobilization. The protests targeted policies including deportations and appointments like that of Elon Musk, whose influence sparked widespread concern. A federal judge blocked Trump’s executive order ending birthright citizenship, while other actions like the reversal of legal aid for migrants were also met with opposition.
Read More
P&O Cruises Australia found itself embroiled in controversy after a video surfaced online showing eight staff members dressed in a manner that resembled Ku Klux Klan members. The incident, which occurred during a Pacific Explorer voyage from Melbourne to Hobart in December, prompted an immediate apology from the cruise company. The staff, part of the housekeeping crew, claimed they were dressed as “upside down snow cones” for a Christmas family event, completely unaware of the disturbing resemblance to the notorious hate group.
This explanation, however, sparked a wave of reactions, ranging from disbelief to amusement. Many questioned the plausibility of eight individuals simultaneously misunderstanding the symbolism of white pointed hats and long white garments.… Continue reading
Thousands are protesting in Washington D.C. this weekend to prevent Donald Trump’s inauguration, arguing that the 14th Amendment bars him from office due to his involvement in the January 6th Capitol riot. Led by Trump’s former staffer Jessica Denson and supported by legal experts, the “#14thNow” movement aims to pressure lawmakers to reject Trump’s electoral votes. Success would result in Vice President Kamala Harris becoming president. Legal scholars contend that sufficient congressional objection to Trump’s electoral votes, based on the 14th Amendment and the findings of the January 6th Committee, could disqualify him.
Read More
The Federal Reserve’s announcement of fewer-than-expected interest rate cuts in 2025 triggered a significant market downturn, with the S&P 500 experiencing one of its worst days of the year, falling 2.9%. This decision, driven by a robust job market and rising inflation, contrasts with earlier projections of more substantial cuts. The resulting increase in Treasury yields negatively impacted stocks, particularly those of smaller companies heavily reliant on borrowing. The shift reflects the Fed’s cautious approach amid economic uncertainties, including those potentially stemming from the incoming administration’s policies.
Read More
John Q. Hosedrinker 
Matt Underwood