Global Market Decline Due to Trump's Tariff Announcement

Global markets closed down around 4% after President Donald Trump announced reciprocal tariffs on trading partners, causing the S&P 500 to fall 4.8%, Nasdaq to fall 6%, and the Dow Jones to decline 4% — all the worst since 2020 and 2022 respectively.

Conservative Media Response to Market Decline

Conservative media outlets downplay the plunging markets and frame it as a potentially good thing amidst President Trump's tariff policies. Some express concern, while others blame globalist economic agendas. Trump and his supporters show confidence in Elon Musk's Tesla despite market losses.

Art Auction Market Decline

Art auction sales at major auction houses are expected to be down from last year, with a decline in the art market following a peak in 2021-2022 due to factors like cheap money, a booming stock market, and fiscal stimulus. The decline is attributed to a lack of supply as sellers hold back on selling their trophies for a better market environment, leading to a stalemate between sellers and buyers.