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BCA Research predicted months ago that a trade war would result in a recession.
BBC |
US President Donald Trump's latest wave of tariffs has come into force, with imports from China hit by a 104% rate amid an escalating standoff between the world's two biggest economies.
Reuters |
Individual investors have been working the phones for advice in the wake of U.S. President Donald Trump's sweeping tariff announcements which have sparked fears of a recession.
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Worst stock market crashes in US history
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S&P 500 rebound collapses in biggest U-turn since at least 1978. Investors can’t shake tariff jitters. Here’s the unsettling reason the world’s most important market is getting hammered by Trump’s tariffs.
IRA or brokerage account, is almost certainly in the red year-to-date after the precipitous stock plunge over the past week following President Trump’s announcement of his tariffs regime.
US stocks rally on Tuesday amid hopes some countries may reach tariff deals and avoid a trade war. Data show steady buyers since last week's plunge.
History says US stocks tend to bounce back after big downturns, and a strategist who got cautious before the crash says to expect a relief rally.
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The trading curbs go into effect when the S&P 500 crosses certain thresholds during extreme market volatility.