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News & Current Events Mar 27, 2026 at 11:51 PM

Markets plunge and U.S. oil hits $100 as Trump's ability to reassure Wall Street hits its limit

Posted by joe4942


Markets plunge and U.S. oil hits $100 as Trump fails to reassure Wall Street
NBC News
Markets plunge and U.S. oil hits $100 as Trump fails to reassure Wall Street
If this new reality sets in, it would stand in contrast to President Donald Trump’s ability to move markets throughout his first term and into his second.

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Virtual-Squirrel-725 Mar 28, 2026 +105
I can't believe that the market wasn't reassured by "we've killed all their leaders and nobody knows who to talk to but we're talking the right people and they want to make a deal". I mean with that kind of Presidential clarity surely they are now just deciding which font to use for the final agreement, right?
105
Ackerack Mar 28, 2026 +1
Trump: Iran has agreed to out fifteen point plan. Iran: I didn’t do fuckin shit. I didn’t agree to shit. I DIDNT FUCKIN DO THIS
1
ygg_studios Mar 28, 2026 +1
comic sans
1
postmodlawprof Mar 28, 2026 +237
This dumb president has cost me so much of a loss in my investment portfolio. This moron has no clue about finances. He’s bankrupted so many of his startups and now he’s doing it to the American economy. Fricken Loser!!
237
redalert825 Mar 28, 2026 +65
Nuh uh. he's a billionaire business man! He knows what he's doing. -Magats
65
StabbingHoboReturns Mar 28, 2026 +20
Well they don't have retirement accounts so it doesn't matter to them.  Only the libs have those. 
20
AnamCeili Mar 28, 2026 +11
Not this lib.
11
Evil_phd Mar 28, 2026 +1
What a terrible idea it was to link retirement accounts to the c***** for the wealthy.
1
Creative_Squash_1083 Mar 28, 2026 +9
I mean, he literally has gone from "multiple time felon varyingly nearing insolvency and prison at several points in the last decade" to something like $6bn up and no real risk of any consequences, ever.
9
kmonsen Mar 28, 2026 +1
He has way more than 6bn sadly, he is really good at grifting. Just his crypto schemes are probably insane value. And you know those Venezuela oil money is not going to us.
1
Acceptable-Bus-2017 Mar 28, 2026 +1
Honest question.. why can a sitting president have such a lucrative source of income and not disclose where it's coming from and how much he's making?
1
Poojawa Mar 28, 2026 +1
He's not supposed to but until we the people hold him accountable beyond forum posting about it, he won't care.
1
Adultery Mar 28, 2026 +21
You can see the pump and dumps across the S&P500 over the past month
21
_slagwire Mar 28, 2026 +1
And to think all he had to do was play golf and take credit for Biden's economy for 4 years. Republicans would've jerked him off posthumously for 40 years like they did with Reagan's demented ass
1
alabasterskim Mar 28, 2026 +1
If all he did in both terms of note was his big wealthy and corporate tax giveaways, yep. But that's the fun thing about Trump; you can't expect him to be controlled. The ones here in the US expecting to control him are possibly seeing that now, but his foreign handlers knew that and have been hoping for as much. An erratic US president has done wonders for tanking our international credibility and soft power.
1
absentmindedjwc Mar 28, 2026 +1
The only saving grace with my portfolio.. I've entirely divested myself from American businesses. It has taken a dive from this shit.. but only about a third as much as something like VOO since this bullshit war garbage has started. (and outperforming VOO by around 38% since I moved everything over about a year ago)
1
jim_cap Mar 28, 2026 +1
Don’t leave us hanging! What’s in it?
1
OfficerJayBear Mar 28, 2026 +1
Gourds
1
modefi__ Mar 28, 2026 +1
Tulips
1
thatguy9684736255 Mar 28, 2026 +1
I'm sure he's been making money from the chaos. Knows just the right trades to make and just the right time...
1
johndoe201401 Mar 28, 2026 +1
Only redeeming feature of Trump might just be pumping up stock market forever, and that is clearly an illusion now too.
1
Reduntu Mar 28, 2026 -34
The market is down like 8%... it does this like every year.
-34
Beantown-Jack Mar 28, 2026 +32
This week, the stock market lost $1.5 trillion in market cap solely because Trump is an evil imbecile. Pretending that any of this is normal or inevitable is not a smart look.
32
Reduntu Mar 28, 2026 -18
Nobody is saying Trump isn't an evil imbecile. But in terms of the magnitude of market movements, it is completely normal so far at least. Corrections of around 10% happen all the time.
-18
Atheist_3739 Mar 28, 2026 +15
Yeah but this time it was directly caused by the president's actions
15
Reduntu Mar 28, 2026 -10
Liberation day caused a correction as well.
-10
lactose_cow Mar 28, 2026 +1
there was an exit plan for liberation day. he just removed the tariffs. whats the exit plan for iran?
1
mustbeusererror Mar 28, 2026 +1
Market drops because of discrete events aren't corrections. Market corrections are when people realize conditions aren't what they thought. The tariff stuff and Iran are events that actually changed market conditions.
1
shotputprince Mar 28, 2026 +1
Not with this level of insider trading resulting in a cohort either a.) deliberately crashing markets to sweep up the pieces and increasing their personal wealth or b.) merely weaponizing insider knowledge. The timing and nature of this is distinct such that an annualized approach to this is … disingenuous? Obtuse? Errant at least.
1
PM_COSTCO_HOTDOGS Mar 28, 2026 +1
If you hide your comment history, you’re either a coward or a bad actor in my book.
1
Street_Anxiety2907 Mar 28, 2026 +1
Some people like privacy
1
AsinineAntimony312 Mar 28, 2026 +72
Why do all the type A finance chuds believe anything Trump says? What’s the psychology of this? 
72
Queasy_Donkey5685 Mar 28, 2026 +45
They're out of jobs if the market turns. Part of their job is to help maintain the illusion of the markets. Quite simply, their paychecks.
45
Spartan2170 Mar 28, 2026 +38
I've seen people describe the stock market as astrology for rich people. Given how often the entire global economy seems to make wild swings based off functionally zero real information, I feel like that might actually be unfair to astrology.
38
Fit_Lingonberry2033 Mar 28, 2026 +2
Truthfully I have all the given up and thrown in the towel. It all started with the China thing, with the tariffs, and I saw the writing on the wall.
2
zubbs99 Mar 28, 2026 +2
All they care about is tax cuts and deregulation. Any dumbass Repub that parrots those words makes them happy.
2
Golden-Owl Mar 28, 2026 +1
Because a lot of them love playing stocks. They like high rolling, buying and selling, etc. To do that, you need a lot of fluctuation, giving you an opportunity to buy and sell at different prices. Trump is very good at causing said instability. For those of us who recommend more balanced, safe, long term investments (e.g retirement planning, dividend paying funds, managing fixed deposits, etc), Trump just creates a mess. However, this section of financial investing is often not acknowledged online because it’s boring and practical. It often entails a lot of meticulous document reading, excel calculations, and planning The crazy stock fluctuation is flashy, exciting, easy to do (anyone can buy stocks) and sells the dream of getting rich quick. Slow planning isn’t, so we’ve no reason to talk about it outside of work
1
Zealousideal_Look275 Mar 28, 2026 +52
At least the Dow is under 50k so we can investigate pedos again 
52
zubbs99 Mar 28, 2026 +28
Trump has got to be the most ignorant president we've ever had, so when he says he didn't think Iran would respond like this I have to believe him. I mean he really is that uniformed, arrogant, and stupid.
28
Electrical_Iron_1161 Mar 28, 2026 +25
Can't wait to pay around 4.30 for gas next week 😒🙄
25
Deceptiveideas Mar 28, 2026 +1
Short term pain for long term pain
1
Kinda-relevant Mar 28, 2026 +1
6 bucks a gallon in Cali right now.
1
alabasterskim Mar 28, 2026 +1
Get your "I did that!" stickers!
1
fungobat Mar 28, 2026 +9
Yea, but remember when Sleepy Joe invaded Ukraine and gas was $6.00/gallon??? /s
9
Intel-Source Mar 28, 2026 +3
$5.50!
3
Heavy_Milk2757 Mar 28, 2026 +1
In New Zealand, gasoline has gone from NZ$2.60 a litre to NZ$3.60 in a few weeks. That's USD **$9.36 a gallon.** Our government has sat on it's hands and done nothing to secure diesel supplies, so now our economy will be destroyed. I guess that serves us right for helping you out in Iraq, Afghanistan, Vietnam, etc. Never, ever again. Have you ever had a friend you would do absolutely anything for, but that friend treats you like you don't exist and then throws you under the bus for nothing? That's the United States for New Zealand and the rest of your allies.
1
honest-aussie Mar 28, 2026 +1
I was in NZ in 2015 and fuel was like $2.10L! This was in Penrose I couldnt believe it. The photo of the price board was the first holiday photo. I feel bad for you guys right now
1
Heavy_Milk2757 Mar 28, 2026 +1
> The photo of the price board was the first holiday photo. You're my kind of people. At the moment our government is just crossing its fingers hoping it doesn't get worse. Our current PM **loves** Trump and can't wait to invite the old paedophile over for a round or two of golf.
1
geologicalnoise Mar 28, 2026 +9
It speaks to the level of kompromat he has on all these clowns that they're actually scared enough of him that they're more OK with losing money.
9
NobodysLoss1 Mar 28, 2026 +13
I have lost 6% of my retirement account since March 1. WTFGDJT
13
Intel-Source Mar 28, 2026 +1
It will all be gone by May!
1
NobodysLoss1 Mar 28, 2026 +1
I doubt it. But it's going to drop a lot more.
1
SlowRunner2026 Mar 28, 2026 +6
Wait, what? I thought Trump calling the Ayatollah gay would fix everything.
6
Intel-Source Mar 28, 2026 +6
Oil nearing $115!!
6
joeganis Mar 28, 2026 +6
Come on Trump! Throw another lie on the fire to move the markets Monday
6
ianrl337 Mar 27, 2026 +9
All the winning
9
bravetailor Mar 28, 2026 +3
People who bought oil stocks during COVID are being rewarded by this admin's stupidity at least...
3
an_actual_coyote Mar 28, 2026 +1
He'll be out in a year.
1
spader1 Mar 28, 2026 +1
I'm reminded of the start of the pandemic where the markets would falter, then he'd say some stupid shit to try to calm them which would have the opposite effect and would tank harder because everyone with eyes and ears could see he was incapable of managing anything. Rinse and repeat every day for several weeks.
1
altsuperego Mar 28, 2026 +8
Still c****, I won't be satisfied till $150
8
Intel-Source Mar 28, 2026 +8
$200.
8
Chemical-Fault-7331 Mar 28, 2026 +1
This is the magic number. Once it hits 200, no one can really ignore the shocks it will cause to the economy. Everything will be ridiculously more expensive. And hopefully the GOP gets fucked 7 ways from Sunday.
1
altsuperego Mar 28, 2026 +1
Eh no one noticed the tariffs, this won't even be that bad except at the pump
1
goddamn_leeteracola Mar 28, 2026 +1
If it goes to $200, everything will be so much more expensive. The logistics to move everything around in the global markets depends on oil. At $200 a barrel logistics increases could add 30-50% on EVERYTHING WE BUY.
1
altsuperego Mar 28, 2026 +1
For domestic trucking, gas is 5% or less of the cargo value, I imagine similar for shipping. The bigger issue is things just don't get shipped. Still the MAGAs will riot if it hits $6.
1
goddamn_leeteracola Mar 28, 2026 +1
I’m in Hawaii, so everything is shipped in. Ocean freight can be 10-30% of the product cost. Freight carriers have already raised the fuel surcharge by 8% with another 10% on deck. If oil goes to $200, the ocean freight would go up another 20-30%. Any imported products from China/Taiwan would be dramatically affected. That includes imported products into the US.
1
altsuperego Mar 28, 2026 +1
Sure. I think the entire Oceania is and will get screwed. But the import costs in the 48 states will be minimal compared to gas. Maybe 20% versus $6 and people don't even complain about Amazon or Groceries anymore. But they freak out if gas goes up $1 for some reason.
1
TwoTalentedBastidz Mar 28, 2026 +1
People are 100% complaining about grocery prices. What are you talking about?
1
[deleted] Mar 28, 2026 +1
[deleted]
1
lifeat24fps Mar 28, 2026 +1
Well his biggest boosters got their tax cuts. That's all that ever matter to them.
1
odriweber Mar 28, 2026 +1
Markets tanking and oil at 100 bucks yeah thats reassuring alright
1
Super-Character-5290 Mar 28, 2026 +1
Trumps chaos premium finally priced in. Markets hate uncertainty more than they love tax cuts.
1
tricksterloki Mar 28, 2026 +1
The markets, for the most part, ignore Trump and have been for months. That's not to say there aren't fluctuations in response to something Trump says, but they are ultimately small and fleeting. Having said that, the markets do respond to Trump's actual actions and the meaningful effects those have. The problem is that Trump's actions are erratic, but that also plays a role in why the markets ignore what Trump says. The word of the US president used to mean something. Now, it's pointless and impotent drivel.
1
viera_enjoyer Mar 28, 2026 +1
This is the dip. On Monday he will say a lie that will make the line go up, and he and his friends will make more money. 
1
RedofPaw Mar 28, 2026 +1
Markets are starting to get wise to his manipulation.
1
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