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Astrobach :breadified: (rorystarr@mstdn.social)'s status on Tuesday, 08-Apr-2025 07:00:02 JST Astrobach :breadified:

If it is ever said that this crash wasn't to do with Trump's tariffs, this very specific moment should settle that.
In conversation about a month ago from mstdn.social permalink
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1. It is a tweet with a graphic trending down, but with a spike in that decline, then this text: At 10:10 AM ET, rumors emerged that the White House was considering a "90-day tariff pause." At 10:15 AM ET, CNBC reported that Trump is considering a 90-day pause on tariffs for ALL countries except for China. By 10:18 AM ET, the S&P 500 had added over +$3 TRILLION in market cap from its low. At 10:25 AM ET, reports emerged that the White House was "unaware" of Trump considering a 90- day pause. At 10:26 AM ET, CNBC reports that the 90-day tariff pause headlines were incorrect. At 10:34 AM ET, the White House officialy called the tariff pause headlines "fake news." By 10:40 AM ET, the S&P 500 erased -$2.5 TRILLION of market cap from its high, 22 minutes prior. Never in history have we seen something like this.
  https://media.mstdn.social/media_attachments/files/114/297/365/498/872/741/original/29f263fca9782507.png

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