Trump Tariffs: Buy This Unstoppable Stock at a Discount
Forget about the tariffs kerfuffle. Reddit stock is showing great growth.
It often feels like it's President Donald Trump against the world right now -- although investors may feel it's more like Trump against the stock market.
On-and-off threats to impose 25% tariffs on imports from Mexico and Canada. On-and-on imposition of tariffs on China -- 10% at a time. Threats of "reciprocal" tariffs on every product, from every country in the world (at an equal amount to such country's tariffs on corresponding U.S. imports). All of the above have investors panicking that the president is pushing the economy into a recession.
Perhaps recalling that the average recession over the past 100 years has resulted in a nearly 40% drop in the stock market, many investors decided to get out while the getting is still good -- or at least better than it's going to get. Counting from the Nasdaq Composite's all-time high point of 20,173.89 reached on Dec. 16, the Nasdaq has dropped nearly 12% in just three months, as sellers head for the exits.
