Well, that's the thing about a bubble: it can be very possible to accurately tell it's a bubble—and the definition of a bubble is that it's going to pop—without being able to tell just when it will pop.
And given how much of stock prices these days is purely dependent on stock traders believing they'll be able to sell those stocks on to some Greater Fool later, rather than based on the reality of the company the stock is about...well, they can keep the ball in the air for quite a while.
Personally, I suspect that the primary trigger for the big selloff is going to be the upcoming IPOs. Bigwigs get their big bucks, cash out, and leave everyone else holding the bag.
But if any of us knew when events like those were going to happen, we'd probably be rich from that already, hm?
Commerce Secretary Howard Lutnick has warned Samsung and SK Hynix they could face 100% tariffs, framing it as a choice between paying a 100% tariff or building memory fabs in America...
Do tariff threats still matter? After being struck down, I thought the only new tariffs which could happen would have to be enacted by Congress? Or world that be a fun game where the new illegal tariffs would be on the books until the courts invalidate them again?
The administration is trying every single angle they can to make congress-less tariffs stick. The latest is slapping a bunch of countries with 10% because they claim those countries insufficiently prevent goods produced by slaves from being imported which makes it unfair for producers in the U.S.
Might be true but it’s hard to take that argument in good faith at this point.