Posted on 03/22/2018 2:49:13 PM PDT by reaganaut1
Trade war fears that have roiled the markets for two weeks intensified Thursday, sending the Dow Jones Industrial Average tumbling more than 700 points and adding to concerns that stocks could be headed for a larger reckoning.
Thursday’s selling, which sent shares of manufacturers, aluminum producers and steelmakers sharply lower, marked the culmination of months of growing investor anxiety over the course of U.S. trade policy. It came at a time when many say the market was already under pressure, gripped by fears over rising interest rates and sliding technology shares.
Trade tensions ratcheted higher, as the Trump administration said it would impose tariffs on tens of billions of dollars of Chinese imports on top of taxing steel and aluminum imports—provoking the ire of officials from China to Germany to Mexico.
Investors had widely brushed off concerns about trade fears and rising interest rates until earlier this year. But signs that interest rates will rise more quickly than expected, along with the Trump administration’s aggressive push to narrow the U.S.’s trade deficit, drove a resurgence in volatility and renewed worries among investors that the nine-year bull market is losing its momentum.
“The stakes are getting higher and larger, and that’s what the market is thinking about,” said Ken Taubes, U.S. chief investment officer at Amundi Pioneer. Investors are concerned that China will retaliate, leading to “tit-for-tat” escalations of policies hindering trade, leading to slower growth, he said.
The Dow industrials fell 724.42 points, or 2.9%, to 23957.89, posting their biggest one-day percentage decline since Feb. 8, when they fell into correction territory for the first time in more than two years. The S&P 500 fell 68.24 points, or 2.5%, to 2643.69, sliding back into negative territory for the year, while the Nasdaq Composite lost 178.61 points, or 2.4%, to 7166.68.
(Excerpt) Read more at wsj.com ...
Back with the profanity! Now there's the central_va that we all know and love!
We will be so much better off when we are entirely dependent upon our future adversaries for all of our manufacturing.
China can supply the Pentagon with all that we need at cheaper prices. The market should always be the ultimate judge of what is wise.
Blue collar Americans don't really need jobs. Skills and self-worth are overrated. They can do just fine on welfare and opiods.
We kneecap ourselves with taxes, endless regulations, government spending, spending, spending, a bottomless byzantine bureaucracy.
If only we had had the wisdom to buy all of our goods from Germany and Japan back in the 1930s just imagine how much better the world would have been.
None of that unnecessary Arsenal of Democracy junk would have existed.
the Market is God. Ayn Rand is its prophet.
Great point.
lol
Doesn’t alter the fact that we’ve been in a one-sided trade war for decades.
OH I guess the markets were OVERJOYED at the spending bill the RINOS put out and this atrocity of a budget had NOTHING to do with the markets falling!!!!!
All of which has zero to do with the trade war we are in now and tariffs.
You know what I say? You are a traitor. No other explanation to your lamenting our WAY overdue retaliation. Traitor.
Thanks, I finally get this now. For real.
You are correct.
We have a $566 Billion trade deficit with the world. Of that amount, $375 Billion is with China alone. An adjustment has to be made.
“They’ll ...increase the tariffs on imports from the U.S. once again,”
Because tariffs are bad for them?
Logical fallacy here that comes up in every discussion.
I don’t expect much from Trump’s tariffs (if they ever are enacted) but a start of a correction that should have started 20 years ago at least.
Since WW2 our own tax structure put a 30+% tariff on our own exports!
Lots of changes are overdue.
The media including the wall street journal is waging a full fledged war against Trump, America, and the American people.
These democrat/marxist morons want to destroy America and build up again from the ashes with socialism
This is why the left is trying to get rid of Trump so they can destroy America and install socialism .The left know that Trump if allowed to implement his deregulation, tariffs etc. will MAGA.
this video explains it much better than i did this quick post:
https://www.youtube.com/watch?v=Vu1trFe9BsI
And you are back to making the same old inane comments.
I sold all mine last tuesday
Little or none, no.
This is in relations to the feds raising the interest rates.
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