$1.2 trillion in stock market value lost so far from trade war sell-off with more expected

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Stocks plunged Monday on fears the trade war damage the global economy and crush corporate profit growth.

ost 3.5%, as the sell-off was led by tech and other industries sensitive to U.S.-China trade. Tech was down 3.7%, while industrials were down 3.4%.

Emanuel said some chart analysts see a potential double top in the S&P, a negative sign for stocks, and there are unresolved divergences among indexes. For instance, the small cap Russell 2000, the Dow and the Dow Transports never recovered their highs, as the S&P 500 reached an all-time high May 3. Since then, it lost more than 5%.

"The problem with the Trump put is it stretches out the battle," said Harris. "You can't trigger the put without the market going down and so, ironically, the belief in the Trump put stretches the whole brinksmanship battle out further," said Harris. "You have to kind of think of this as a back and forth between the markets and the policy makers on both sides."

Over the weekend, Trump continued to tweet about China, blaming it for the breakdown that has delayed a deal that was expected this month.

 

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Last 4 months stock market value went up $6.5 trillion.

It’s all just ones and zeros. The entire world is a lie. Round and round we go.

I hope a lot of those retired Trump supporters put most of their money in gold first.

The return of the bear....

Money going back to the ether 💋

DJI index is really worth 11500 points. Everything is inflated value!

Interesting...

The Politburo has a rogue Emperor. It may be time to rethink the Xi Dynasty. Raising tariffs while a pestilence eats your crops will not impress the Kitchen God. tt: GordonGChang

TrillionDollarLoser

CryptoSkeletor this doesn’t seem right... weren’t you just making some kind of case around tariffs, Trump, China, and wining? This... seems like losing?

CarolForden Trump crowing about tariff revenues he is collecting

😱🤣😂🤣😂😂 🌬🔥🔥🔥🔥🔥🔥 Bitcoin 🏆

Thank Donald for tanking the Stock Market again. Who’s making money on this? Selling high then buying low. Doesn’t Trump have a history of manipulating stocks? Is he doing it again, but on a grander scale?

This is what to expect when a narcissist and a dictator collide

So much winning.

Unless you are short and/or bought puts.

But Biff says trade wars are easy to win.

Zee___Zee See the international trand of stock

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