Summary
The Dow Jones fell 748 points Friday, marking its worst day of 2025, as investors reacted to weak economic data and inflation concerns.
Consumer sentiment dropped sharply, existing home sales declined, and U.S. services activity contracted.
Fears over Trump tariffs and spending cuts further rattled markets.
The S&P 500 and Nasdaq also saw significant declines as investors shifted away from riskier assets.
It’s a dumpster fire, no argument there, but the first circuit breaker trigger for the Dow is at 7%, not 1.5%. Call me suspicious, but I’d like to know who was selling and then buying at the low point. It’s most likely instability concerns that is the cause, but some part of me is screaming it’s more pump and dump.
JP Morgan Chase disclosed more information about Jamie Dimon’s new plan to sell one million shares.
The bank said in a regulatory filing late Fridaythat Dimon, its chairman and CEO, adopted on Nov. 7 a so-called Rule 10b5-1 plan to sell one million JPMorgan shares from that date through Aug. 1 this year. The transactions will be made by trusts and an investment vehicle Dimon controls
I saw a report yesterday that Warren Buffet is hoarding cash again. He does this every time there is going to be a major downturn, so he can buy the dip.