It depends on the day. The markets have already been in bear territory but Trump keeps jerking around his tariff threats so the market is extremely volatile. Down, Up...down...if he fires Powell who knows how far it will fall. But Trump and his buddies can short and put the market and keep making money. Hard not to see this as market manipulation.
Explain how that works. How the dollar retains different values around the world. If it did every brokerage house firm in the world would be going crazy with arbitrage.