March 12, 2025
Today, the DOW fell again, but not before it started off in the green, slumped to almost 41,000 points, and then varied throughout the day, with a final figure below the start of the day. But, the loss today was negligible. Just .20% and just 82.55 points below the starting mark for the day of 41,350.93. The previous close was 41,433.48 on March 11.
So at least as the markets are concerned, the investors can breathe as sigh of relief, but there are still 2 days to go before the end of market close on Friday. The markets did fair today because the futures were good throughout the night, so the starting point today was higher at market open – 41,721.36. Because of the futures trading, the market began 370.43 points higher when it opened today but still couldn’t stay above water at the closing bell.
The problem is that Donald Trump created a catastrophe in the markets that will be hard to turn back or to even stop at this point. The DOW dropped over 1,500 points in just one 7 day period and even with the good start because of the futures markets, the DOW today dropped another .20% and still going in the wrong direction. The U.S. economy will continue to reflect the pain people will experience because of Trump’s tariffs.
Trump claims that he doesn’t look at the markets. But you know that’s a lie. He watches the markets closely, but truly doesn’t understand the implications when the stocks go down and how much it affects the middle class and the poor. Within the last 30 days, the DOW has dropped almost 4,700 points. It’s known as the ‘Trump stock effect’.
Until Trump stops implementing new tariffs each week, and stops posting on X and TruthSocial the plans of his upcoming tariffs, the American people and businesses stand to loose lots of money and the economy will continue to sink.
But now the latest developments. This evening on March 12, 2025, Trump has initiated a 25% tariff on steel and aluminum coming into this country, from anywhere in the world. Now steel and aluminum prices will go up. Automobile prices will be hit and should be noticeable almost immediately. People will step back and not purchase automobiles, because now they will feel they need to wait until prices go back down. So Trump is not done. His tool of destruction is the tariff, and with the modest drop today in the Dow Jones Industrial Average, the week will continue to be volatile. Canada and Mexico immediately retaliated this evening with reciprocal tariffs on steel and aluminum. Unfortunately the markets should continue to tank tomorrow with this news.
So the modest losses of today with the DOW will now be stepped up and the day tomorrow will be a pretty terrible day on the markets. The markets will continue to fall, and now the destruction of our economy is getting into a territory that Trump may not be able to recover from. Again, Trump is not in step with the American people and doesn’t have much regard for their well-being, as they are feeling the ‘pain’ Trump claimed would come.
Starting around February 12th, the markets started to really start tumbling in a negative direction. On the very same day, the Russian markets started to peak. Trump made announcements about his upcoming tariffs and his stance about Ukraine, which sent stocks in Russia soaring. The Russian markets haven’t been this good since the beginning of the war 3 years ago. When Trump opens his mouth and supports Putin, their markets rally.
Trump appears to be doing more for Russia’s economy than he is for the U.S. economy. Trump opens his mouth, initiates tariffs that affect Americans, and our economy suffers while the stock markets sink. There are 30 major companies represented on the DOW JONES stock exchange, and only 11 of the 30 made positive gains in the market today. So 19 companies had losses in their market shares. Trump’s ignorance is on show for the whole world to see. He is treating the U.S. economy like one of his businesses. And on this course it will also go bankrupt as did many of Trump’s businesses over the years.
I’ll report on the futures market soon, and what to expect tomorrow.