That’s the end of the stock market

| 7:20 pm EDT March 18, 2020
Dear Palmer Report readers, we all understand the difficult era we're heading into. Major media outlets are caving to Trump already. Even the internet itself and publishing platforms may be at risk. But Palmer Report is nonetheless going to lead the fight. We're funding our 2025 operating expenses now, so we can keep publishing no matter what happens. I'm asking you to contribute if you can, because the stakes are just so high. You can donate here.

How hard has the U.S. stock market fallen? At one point during trading today, it dipped below where it had been on the day Donald Trump took office. This means all of his gains are gone. He inherited a roaring Obama economy, and he’s negligently killed it. But not only are his gains gone, now the stock exchange is literally shutting down.

In the latest sign of just how severely Donald Trump’s bumbling coronavirus response is affecting American life, the New York Stock Exchange is shutting down its trading floor next week until further notice. The exchange will instead be limited to electronic trading only, which means we’re in entirely new territory.

Because this has never happened before under any circumstances, and because we just happen to be in the midst of a stock market collapse, there’s no way of predicting how this shift will end up impacting stock market trading going forward. Donald Trump always claimed he was so good for Wall Street. But now, thanks to his negligence, Wall Street is not only crashing, it’s physically shutting down.

Dear Palmer Report readers, we all understand the difficult era we're heading into. Major media outlets are caving to Trump already. Even the internet itself and publishing platforms may be at risk. But Palmer Report is nonetheless going to lead the fight. We're funding our 2025 operating expenses now, so we can keep publishing no matter what happens. I'm asking you to contribute if you can, because the stakes are just so high. You can donate here.