Written by Suzan McKiji
(Reuters) – Investors were nervously waiting for the US trading after the Wall Street sale last week after the Trump administration’s tariff was announced, expecting another week of turmoil with the reaction of other countries.
In the following two days, Trump’s announcement on Wednesday, the standard S&P 500 index fell by 10.5 % and lost about $ 5 trillion in the market value. This was the largest two -day loss since March 2020. Thursday and Acute Friday Slide placed the S&P 500 for more than 17 % of its height on February 19 at all, and made it closer to the bear in the market, which will be a 20 % decrease.
Futures will open in 1800 ET (2,200 GMT on Sunday, which will give an indication of how trading appears on Monday.
“The bull market has died,” said Mark Malik, chief investment official at Cyber Financial. “We may see some gains in the next few days, but they will not be imprisoned at the present time.”
Malik said that the timing of the customs tariff news, which coincided with the start of the profit season in the first quarter, contributes to the dark expectations.
In talk shows on Sunday morning, Trump’s best economic advisors sought to photograph the definitions as a smart repair. “There is no reason” for the recession.
Some traders believe that the stock market will at least try to enhance a return of some kind.
“At some point this week, we may have a day to arrive,” said Steve Sosnik, the chief investment strategy in interactive intermediaries.
The question remains about the sustainability of any gathering.
“We may see this week where the screens are green, but no permanent gathering may reach for three or four weeks,” said Alex Morris, chief investment official at F/M Investments. “At this point, people will start saying that we have taken enough air out of the balloon.”
(I participated in Susan McGgy reports; additional reports by Sinid Caro; Liberation by Leslie Adler)
https://media.zenfs.com/en/reuters-finance.com/11706e5bbe98c9fc9e019b1c3d3fdea6
Source link