Amidst rising volatility in the market due to President Trump's sweeping tariffs implemented just a week prior, veteran trader Peter Tuchman observes a stark contrast at the New York Stock Exchange. While many on the trading floor are politically aligned with Trump, the sudden economic shifts have left even staunch supporters perplexed. Tuchman's experiences throughout various market crises have not prepared him for this scenario, where traders express anxiety over their investments and the broader implications of these policies which threaten previously stable economic fundamentals.
The S&P 500 was eerily flat for the day, but the so-called Fear Index - or VIX, a measure of the market's volatility - was disturbingly high.
People are, you know, freaking a bit...their 401(k) is a 101(k).
Most of the floor are Trumpers, and they still think this makes sense, and I still don't get it.
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