A trader reacts on the floor at the New York Stock Exchange in New York, U.S., August 5, 2019. REUTERS/Brendan McDermid3.2 percent slump on Monday in reaction to an escalating U.S.-China trade war has added to fears that a prolonged market correction could already have started.
Many investors define a stock market correction as a fall of at least 10 percent from a high, often as a reaction to excessive gains. Monday’s sell-off was sparked after China let the yuan currency tumble beyond the 7-per-dollar level for the first time in more than a decade. It was a sign Beijing might be willing to tolerate further currency weakness in the face of the escalating trade dispute with the United States.
Trump has measured himself by the success of the stock market, tweeting about its record levels during his administration. He has also lambasted Federal Reserve Chairman Jerome Powell for not cutting interest rates more aggressively in order to support the market.
NOOOO!
Buffett might already escape
realDonaldTrump To go along with your Mass Shooting Legacy.
Don't panic (yet). Probably a necessary adjustment.
.realDonaldTrump MoscowMitch and GOP ponzi scheme getting exposed before 2020Elections
That’s obvi not Bannon because that is shock.
It will be ok, I’m sure!
Clarence Beeks
Every action has equal and opposite reaction, U.S increased tariffs on China imports and now U.S stock market is crashing. One should never underestimate an enemy or disease.
Putin has crippled America.
And what of your shares in the Lord Jesus Christ? The cost is free and the return on investment is invaluable. Believe in Him and never be spiritually bankrupt ever again. Financial focus is for worldly reprobates.
Slump? This is all Trump.
is that bannon?
oh this is just the tip of the iceberg
They wanted this putz, and they got what they deserved.
Stock market sell off led by fools, absolute fools. Created by market manipulators. THRtv StockCats StockMarket_411 stockmarketca realDonaldTrump MSNBC earnings China ChinaUSTrade BBCWorld BBCBreaking POLITICOEurope europestock888
È un gioco d'azzardo.
The pain will be felt by the general populace not the oligarchs.
There goes my retirement were probably their last words.
Stop spreading panic in search of headlines. It will recover.
When Trump crashes the economy don't worry the rich will be ok becuase the working class will bail there rear ends out. AGAIN.
FearMongering
Hm, an unusual outfit for a market trader, no?
Only for stupid people, it signals a sale to me
Sadly, this was expected when the idiot potus thinks he knows what he is doing. which we all know he does not.
2008...
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