
By Zeus! Trouble is Brewing!
Greetings mortals! Wonder Woman here reporting live from the front lines of... the financial news? Yes even an Amazonian princess must occasionally descend from Themyscira to address matters of grave importance. And what's more important than your hard earned drachmas or in this case dollars vanishing into thin air? Billionaire investor Leon Cooperman a name that sounds like a character from a Greek myth gone wrong is raising alarms louder than my Lasso of Truth at a politician's convention. He believes that President Trump's tariffs are a 'mistake' and could trigger a recession. A recession! As if battling Ares wasn't enough now we have to worry about economic Armageddon!
Trump's Tariffs: More 'Art of the Deal' or 'Wrath of the Gods'?
Cooperman this modern day oracle claims Trump is intentionally trying to lower interest rates by... causing a recession? Is this some kind of backwards logic I'm too Amazonian to understand? He's quoted as saying 'I think there's too much confidence in the system...and we're correcting that right now.' Correcting it? Sounds more like demolishing it with a wrecking ball! As I always say 'Fighting doesn't make you a hero.' Perhaps a little diplomacy would be more effective than these economic Thunderbolts of Zeus.
Wall Street's Having a Bad Hair Day (Even Worse Than Mine After a Fight!)
The stock market is behaving like a banshee at a karaoke night. U.S. stock futures are plummeting faster than I can say 'Great Hera!' The S&P 500 is nearing bear market territory after a 10% two day decline. This is no time to panic and sell everything! Remember 'You are stronger than you believe; you have greater powers than you know.' But maybe just maybe stash some gold under your mattress just in case.
The Fed's in a Holding Pattern: Waiting for a Sign From the Gods?
Federal Reserve Chair Jerome Powell a man whose name sounds like a sneeze says the central bank won't move on interest rates until they get a clearer picture of the tariff impacts. So they're waiting for a sign? Perhaps they should consult the Oracle of Delphi... or me. I have a pretty good track record of seeing through deception economic or otherwise. Steve Trevor always said I had a knack for knowing when things were about to hit the fan! 'Only love can truly save the world.' But in this case maybe a little financial foresight too.
Cooperman's Crystal Ball: Bottom Not Yet in Sight!
According to our doomsaying Cooperman the worst is yet to come. He's watching for companies to report disappointing results stocks to plummet and then... what? Rainbows and unicorns? He wants to see the market bottom out on its own. Wise words but patience is a virtue and in this volatile climate virtue can be hard to find. Remember my Amazonian sisters 'If you need something done do it yourself!' Maybe it's time I took control of the stock market... just kidding! (Unless...?)
CNBC Pro LIVE: A Gathering of Financial Titans (or at Least Some Really Smart People)
And finally CNBC is hosting an exclusive event at the New York Stock Exchange. A chance to mingle with financial experts and other worried investors! If you're a CNBC Pro subscriber you might get some much needed insights. I unfortunately will be busy saving the world from other imminent threats. But fear not mortals! Remember even in the darkest of times hope prevails. 'Whatever you do do it well.' Even if that's just weathering a potential economic storm. Farewell and may Zeus be with your investments!
longterm
The market always recovers, just HODL!