So I posted about Liberation Day, April 2nd coined by Donald Trump sending out tariff to rest of the world and kickstarting the Tariff Wars.
He basically announced tariffs on the whole damn world ( even Singapore got 10%!).
So the following days the markets tanked badly.
By last Thursday the US markets fell 5%.
Yesterday night, it fell another 6%.
There is so much fear in the markets and this time really feels different. All the Mag7 stocks are so hit by the tariffs our iPhones will probably cost $5,000 soon and as the world slows, people will use Amazon less, advertise less on FB/IG. No one is buying Tesla anymore. Who needs anymore AI chips, yet AI is decreasing Google searches.
I fear the world is realizing it all this weekend. Or is it just me that sky appears to be falling?
Worried about my already trimmed portfolios and the amount of extra hurt coming my way.
Singapore is in for a very tough time ahead.
I need to think about better pivots.
Maybe an opportunity is on the horizon.
Stay safe and huat ah!