You ever invested in an Aluminum stock? How about lumber? You'll have no idea what exactly makes those stocks move up and down unless you know the financing of that industry. The idea that these things are going to move equities in random sectors is not real. The market wanted to take profits, and this was a perfect reason to do so.
The only trade war that could possibly exist is between the US and China, and that will always be saber rattling because neither authoritarians can truly control 350M/1BN people. It's a fuck around and find out situation and they wouldn't do it.
Trump has pals in these particular industries and he's squeezing out profits for them, that's all. It's not going to affect Snapchat meaningfully other than a sentiment trade. If anything, the argument can be made that Trump is playing into the market downturn to force the hand of Jerome Powell to drop rates faster. These people desperately all need to raise debt right now at lower rates, especially Elon.
The only trade war that could possibly exist is between the US and China, and that will always be saber rattling because neither authoritarians can truly control 350M/1BN people. It's a fuck around and find out situation and they wouldn't do it.
Trump has pals in these particular industries and he's squeezing out profits for them, that's all. It's not going to affect Snapchat meaningfully other than a sentiment trade. If anything, the argument can be made that Trump is playing into the market downturn to force the hand of Jerome Powell to drop rates faster. These people desperately all need to raise debt right now at lower rates, especially Elon.