[Chart courtesy of MarketWatch.com] After a brief early bounce, the major indexes resumed their downward trend from yesterday. The S&P 500 made two attempts to reclaim its unchanged line but ultimately failed to hold on. In a post, Trump announced that additional tariffs of 25% on Canada and Mexico would take effect on Wednesday, targeting steel and aluminum. When asked …
Stocks Plummet As Recession Fears Mount Amid Tariff Concerns—TTI Goes Negative
[Chart courtesy of MarketWatch.com] Last week’s selling pressure continued this morning and intensified in the afternoon, dragging down the major indexes. Traders were fixated on Trump’s comments about a possible economic slowdown and the potential for a recession following the implementation of US tariffs, indicating the economy is entering “a period of transition.” The tech-heavy Nasdaq was hit the hardest, …
Tech Sell-Off Continues Amid Policy Uncertainty And Growth Concerns
[Chart courtesy of MarketWatch.com] After a solid green close on Wednesday, the markets reversed course early on Thursday as traders sought more clarity on the latest tariff measures and their economic impact. Despite Commerce Secretary Lutnick’ s announcement of likely one-month exemptions for “more than just carmakers,” markets remained mired in uncertainty throughout the morning and turned downward in the …
Gold And Bitcoin Rebound As Markets React To Tariff Exemption
[Chart courtesy of MarketWatch.com] The major indexes attempted an early relief rally, but conflicting economic data and uncertainty over Trump’s tariffs and their duration kept them fluctuating around their respective unchanged lines. ADV’s private payroll report showed less job growth than anticipated, while service sector data slightly exceeded expectations. This reinforced the view that the economy is cooling. After a …
Stocks Plunge As Trade Tensions Rise, Bitcoin And Gold Rally—Sell Signal On Deck?
[Chart courtesy of MarketWatch.com] Equities continued their downward slide today as Trump’s tariffs on China, Mexico, and Canada went into effect. The affected countries announced retaliatory measures, sparking fears among traders of an all-out trade war and its potential negative economic impacts. Monday’s market drop pushed the widely followed S&P 500 into the red for the year, with losses deepening …
Equities Stumble As Economic Data Raises Stagflation Fears
[Chart courtesy of MarketWatch.com] Equities started the first trading day of March with aimless meandering, leading to a rocky start. Soft economic data from the construction and manufacturing sectors released today raised concerns about the state of the economy, causing major indexes to head sharply south and nearly wipe out Friday’s gains. This reinforces the point that we have reached …