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Prof G Markets

The $6.6 Trillion Sell-off

Prof G Markets

Vox Media Podcast Network

Entrepreneurship, Investing, Business

4.6722 Ratings

🗓️ 7 April 2025

⏱️ 67 minutes

🧾️ Download transcript

Summary

Scott and Ed dig into the rubble of the record breaking $6.6 trillion sell-off following Trump’s tariffs announcements. They break down how Trump determined the tariff rates, what the tariffs will do to company earnings and the real economy, and offer advice on how to deal with turmoil in the markets as an investor.   Vote for Prof G Markets at the Webby Awards Subscribe to the Prof G Markets newsletter  Order "The Algebra of Wealth," out now Subscribe to No Mercy / No Malice Follow the podcast across socials @profgpod: Instagram Threads X Reddit Follow Scott on Instagram Follow Ed on Instagram and X Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Support for the share comes from public.com. If you're serious about investing, you need to know about

0:05.0

public.com. That's where you can invest in everything, stocks, options, bonds, and more. And even under 6% or higher yield that you can lock in with a bond account. Visit public.com slash prop G and get up to $10,000 when you transfer your old portfolio. That's public.com slash profi.

0:22.2

Paid for by public investing. All investing involves the risk of loss, including loss of

0:26.3

principal. Brokered services for U.S. listed registered securities, options, and bonds.

0:30.7

In a self-directed account are offered by Public Investing, Inc., member FINRA, and SIPC,

0:36.1

complete disclosures available at public.com slash disclosures.

0:39.8

I should also disclose I am an investor in public.

0:45.9

If you think talking about finances in general is hard, try talking to your parents about money.

0:52.4

What you don't want to do is like, do you have any money?

0:54.9

What's going on?

0:55.8

You don't want to come at them in a more adversarial way.

1:00.1

Or, as I said, you don't want to come out like you're now the parent.

1:04.1

What to do about the ups and downs of your 401K?

1:07.4

If you or someone you care about plans to retire soon,

1:12.8

that's on the next explain it to me.

1:15.0

New episodes every Sunday morning.

1:26.1

Today's number, $6.6 trillion. That's how much value the U.S. stock market shed following Trump's tariff announcement,

1:29.9

a record-breaking two-day wipeout.

1:33.5

Ed, I just came from a necrophiliacs anonymous meeting,

1:57.9

and suddenly I dawned on me, what happens if I die here? How are you, okay, Scott? How are you? Okay, Scott. How are you? Are you reacting badly to these tariffs? What's going on with you?

2:03.6

So I'm an emotional tideful right now, not for the reason you probably think.

2:12.5

I lost, I don't know, mid-single-digit millions, maybe $10 million on the 48 hours on Thursday and Friday.

...

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