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Correction Arrives For US Stocks In $5 Trillion Rout
The S&P entered a correction on Thursday amid persistent trade war angst and, relatedly, the perception among traders and investors that the Trump administration's pot-committed to tariffs and insufficiently attentive to market feedback.
To be clear, American presidents shouldn't make trade policy (or any other policy) based on the petulant behavior of equities, which are famously spoiled. But neither should presidents completely ignore the verdict from stocks when that verdict's swift, una
H-Man, it may be difficult (more likely impossible) for POTUS to get the genie back in the bottle. And this genie is going to raise hell with the economy. This may just be the beginning.
Multiple expansion which occurred during last run up…(WMT trading at > 40) is mean reverting. And it was WMT last earnings announcement which started this angst in stocks by signaling that consumer might be tapped out. Trump Pump turned into Trump Dump.
Wait until all this actual hits the real economy. Right now it’s just margin compression/deleveraging.
Meant “multiple”, not “margin”