Trump Trade War Escalation Caused 2.2% Loss In Stock Market, Wiped Out $1.4 Trillion In Equity
The benchmark S&P 500 suffered through its worst week of the year, tumbling 2.2%, while global equities saw as much as $1.4 trillion erased at one point. In retrospect, it was to be expected considering the market had long been priced for a successful trade-war resolution.
That scenario seems a long way off now, with the US and China continuing to volley threats back and forth. That has equities plummeting once again, and strategists across Wall Street are scrambling to advise their clients how to navigate the volatility.
via Business Insider https://newsletter.businessinsider.com/public/16874564