The post S&P 500 officially erases all of its post-election gains, down $3.3 trillion – Trump MAGA is a delusion appeared on BitcoinEthereumNews.com.

Warnings about Trump’s tariffs have caught up with the US amidst more tariffs imposition. The bull rally caused by Trump’s victory has officially been erased. The S&P 500  index has now lost $3.3 trillion since February 19th translating to $330billion per trading day for the last 10 days. During the presidential campaign trail, POTUS Trump promised to Make America Great Again (MAGA) on all frontiers. However, current data and market correction point to a disillusioned future should traders continue to put their faith in Trump. The S&P 500 index has been down 1% since election day. Since hitting a new all-time high, it has been down 7%. The index is now only 3% away from entering correction territory.  In addition, since election day, the Nasdaq 100 has dropped more than 4%, and the tech index as a whole has dropped about 1.5%.  Since November 5, the blue-chip Dow has lost almost 1%. Meanwhile, in just 24 hours, the Dow Jones Industrial Average has lost -1,700 points. The Nasdaq is only about 0.5% away from recession territory. More than $4 trillion has been lost.  BREAKING: The Volatility Index, $VIX, is now up +65% since February 20th. This marks the index’s first move above 25 since December 18th. pic.twitter.com/UmTkv4mTmp — The Kobeissi Letter (@KobeissiLetter) March 4, 2025 To add salt to injury, the Volatility Index ($VIX) is now up 65% since February 20th. This marks the index’s first move above 25 since December 18th. The tariffs between the U.S., China, Canada, and Mexico have made U.S. stocks even worse. The drop was caused by signs that the economy was already weak. The US businesses have been anxious about Trump’s tariffs. The reality of the matter continues to be unveiled. Will Mr. President listen? The US market’s current situation Now, goods coming from…

---

Filed under: News - @ March 4, 2025 8:33 pm