The Nasdaq Composite has officially entered bear market territory—defined by a drop of 20% or more from its recent high—while the S&P 500 is nearing the same threshold today. Last week U.S. stock markets shed $6.6 trillion in value over a two-day span, triggered by President Trump’s larger-than-expected tariff announcement and China’s vow to match the tariffs on all American-made goods.
Many have seen the story out of Wisconsin: Susan Crawford defied record-breaking spending by Super PACs to win the April 1 state Supreme Court election. “Crawford beat Musk,” is the headline after the world’s richest man poured millions into the race to defeat her, while liberal billionaires also opened up their own pocketbooks for Crawford.