Market Explosion

[Alwayslit]

It is definitely been a roller coaster ride over the past week

https://www.marketwatch.com/livecoverage/stock-market-today-dow-eyes-700-point-dive-s-p-500-nasdaq-fall-treasury-yields-spike-as-tariffs-hit

 

[MikeNice]

I just realized there is a 10% tariffs on Nicaragua. I definitely don't like this. Oh and my 401k is more bruised than Tina Turner after she gave Ike a cold dinner.

 

[Alwayslit]

I'm thinking the explosion is more like Taco Bell after a night of drinking.

 

[Alwayslit]

Stock Markets, Business News, Financials, Earnings - CNBC


Strong open with the Chinese agreement. This should be a good week.

 

[Rupe]

I just realized there is a 10% tariffs on Nicaragua. I definitely don't like this. Oh and my 401k is more bruised than Tina Turner after she gave Ike a cold dinner.

Most people do not realize there is a 10% reciprocal tariff in place on virtually all countries right now. This took effect for all products that left the foreign port as of April 2nd. ALL imported products (cigars or otherwise) are affected by this.

The products I sell are manufactured in Italy and I am in the process of giving my customers a 10% price increase. In speaking with my customers, I am certainly not the only one doing this so I can only speculate this will ultimately cause more inflation. These increases are just hitting the wholesale market now so I think things may get real interesting over the next couple of months.

Regarding my 401K, I did see this coming and moved much of my investments around before this hit. Thankfully I'm only down 1.55% as of Friday.

 

[Rupe]

Stock Markets, Business News, Financials, Earnings - CNBC


Strong open with the Chinese agreement. This should be a good week.

I see BTC exploded as well...Up over $104,000 as of this morning.

 

[Alwayslit]

I see BTC exploded as well...Up over $104,000 as of this morning.

Like a cyber truck in a blue state.

 

[MikeNice]

Most people do not realize there is a 10% reciprocal tariff in place on virtually all countries right now. This took effect for all products that left the foreign port as of April 2nd. ALL imported products (cigars or otherwise) are affected by this.

The products I sell are manufactured in Italy and I am in the process of giving my customers a 10% price increase. In speaking with my customers, I am certainly not the only one doing this so I can only speculate this will ultimately cause more inflation. These increases are just hitting the wholesale market now so I think things may get real interesting over the next couple of months.

Regarding my 401K, I did see this coming and moved much of my investments around before this hit. Thankfully I'm only down 1.55% as of Friday.

I knew there was a 10% tariff across the board. Like, I heard it, but it kind of got lost in the crazy shit like 100% tariffs. Plus, I hadn't been buying a lot besides groceries and gas lately. Then I went and looked at cigar prices. That is when it kind of sunk in.