Beevee's Owner/Giant Slayer
19,623 posts
jerrab » 21 Jan 2026, 3:19 pm » wrote: ↑
in other words trump backed down..................... next..........................................
--------------------------------4 min ago
https://www.cnn.com/politics/live-news/ ... s-01-21-26
Dow surges 700 points after Trump backs off Greenland and tariff threatsFrom CNN's John TowfighiUS stocks jumped higher Wednesday afternoon after Trump posted on social media that he had a productive meeting with Mark Rutte, the Secretary General of NATO, and will not be imposing his planned tariffs on European countries that were set for February 1.The Dow surged 722 points, or 1.49%. The S&P 500 rose 1.47% and the tech-heavy Nasdaq rose 1.6%.
The S&P 500 is less than 1.5% away from a record high.Stocks had already been moving higher throughout the day after Trump in the morning said he
would not use “excessive strength and force” to acquire Greenland.The sharp reversal prompted relief on Wall Street. Some analysts had expected Trump to back down from his tariff threats — a nod to the “Trump Always Chickens Out,” or TACO, trade. While uncertainty remains, Wall Street rallied on the shift in tone.“Looks like it’s TACO Wednesday,” said Art Hogan, chief market strategist for B. Riley Financial.
Where in any of this does it say Trump backed down? It said he won't use excessive strength and force. He doesn't need to because a deal was reached.
Blackvegatble's hypcorisy summed up in one post:
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Blackvegetable » 7 minutes ago » wrote: ↑7 minutes ago
Very simple questions...
From which you are running...