Wall Street, Global Markets Continue Dive

 

From the Associated Press:

"Wall Street is pointing toward major losses Monday, following enormous declines last week, as fears mount that U.S. tariffs announced by President Donald Trump will slow global economic growth.

European and Asian shares are tumbling sharply, while the leading U.S. index briefly flirted with bear market territory before the opening bell. [snip]

The massive sell-off in riskier assets at the start of the trading week follows President Trump’s announcement of sharply higher U.S. import taxes and retaliation from China that saw markets fall sharply Thursday and Friday.

Trump’s tariff strategy has long been criticized by economists, investors and business leaders, who fear that U.S. isolation will severely limit economic growth." (our emphasis)

CNBC: 

U.S. stock futures were hit once again on Monday as the White House remained defiant after President Donald Trump’s rollout of shockingly high tariff rates on most key U.S. trading partners has sparked a three-day market meltdown. [snip]

This follows a market wipeout to end last week:

• The Dow posted back-to-back losses of more than 1,500 points for the first time ever, including a 2,231-point shellacking on Friday.
• The S&P 500 dropped 6% on Friday for its worst performance since the outbreak of the pandemic in March 2020. The benchmark lost 10% in two days.
• The Nasdaq Composite entered a bear market Friday — down 22% from its record — after losses on Thursday and Friday of nearly 6% apiece.

We're in for a bumpy ride, thanks to the Malignant Fascist and his regime.