Stephen Colbert raged Monday night against what ended up being the worst day on Wall Street in recent memory. The latest market volatility triggered by President Donald Trump’s tariffs and trade wars saw the Dow and S&P 500 have their worst days of the year and the Nasdaq have its worst since 2022.
And to hear Colbert tell it, “Trump’s policies are not just hurting the market. According to the Atlanta Fed, so far growth in the current quarter was at a stunning -2.8%, signaling that the GDP is shrinking at the fastest pace since the pandemic lockdown.