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Your guide to what the second period of Trump means to Washington, business and the world
The American stocks are on the way to the loss of nearly 8 percent during the first Rollerquaster period of the second period of Donald Trump – the worst start of a new administration since Gerald Ford took over five decades ago.
S&P 500 fell in Wall Street by 0.4 percent in the morning on Tuesday. It has decreased by 8 percent since the opening day, as Trump’s aggressive agenda has launched waves of fluctuations that rocked investors faith in the prospects for growth in America and feeds concerns about the recovery of inflation caused by customs tariffs in the largest economy in the world.
The last of the blue chip index, which set a record in mid -February, over a hundred days of the first president in his post in the second half of 1974, when Ford entered the White House after Richard Nixon resigned, according to the Financial Times accounts based on FactSet data.
Then American stocks were arrested in a long -term sale driven by stagnation and rapidly high oil prices.
After half a century, Trump tries to raise the world trade system by “mutual” slapping Definitions Strategists and investors in most countries in most countries said in fresh turmoil.
“We have decided to fight with every child on the field at the same time,” said David Kelly, the chief global strategy at JPMorgan Asset Management. “The markets tell us that there is doubt whether the United States has an advantage when it has taken the rest of the whole world.”

In the state of astonishment, investors have left ads related to trade coming from the White House in recent months, according to George Berkis, a strategic expert in the Bespoke Investment Group.
The shares fell after Trump’s tariff ads on April 2, but they recovered a lot of these losses after postponing the largest part of the drawings for 90 days.
“My model for the place we are in is Wile E. Coyote with his legs rotating in the air in an attempt to know the size of the shelf that we just jumped,” said Berkis.
The market decrease this year fell from most Wall Street investors who expected a boom in the market under the republican administration that cuts taxes. More than 10 of the largest banks in America in recent weeks have cut their goals at the end of the year at the end of the year amid the immigration of capital from the rooted assets in dollars.
Lisa Chalit, the investment head of the Morgan Stanley Wealth Management, said investors “have the right to feel exhausted.”
She added, “Liberation Day” in Trump, a tariff “Tahrir’s Day” in the chaos of the market, “with tariff policies again, the maximum of urban uncertainty is issued through data from the administration that aims to reassure and cancel the permit.”
Foreign investors have begun to own 18 percent of American shares, but they sold nearly $ 60 billion of their property since the beginning of March, according to Coldman Sachs. European fund managers have paid the largest part of the sale.
both of them dollar The US Treasury bonds, who were exposed to investors, were also subjected to Trump’s irregular tariff advertisements.
In stock markets, the shares of American technology of a high nature in recent times were the most affected, both through Trump’s tariff and the emergence of Chinese artificial intelligence DibsicWho amazed investors in January when she claimed that she built a major linguistic model for a simple part of the cost of its competitors in the Silicon Valley.
In December, Tesla, Alphabet, Nvidia and Meta- members of the so-called Seven Magnificent Seven-were among the most popular and valuable American stocks, according to the analysis by Citigroup.
City said in a memo to customers this week that the four have become a “crowded shorts” since then, as investors have reduced their exposure to some cases in a betting activity against their shares. “Anyone was everything on (Seven Magnificent Seven) had been injured,” said Kelly of Jpmorgan.
Trump He has repeatedly rejected himself the negative market reaction to some customs tariff ads, and he may have estimated his first 100 days “on the basis of whether he had done what he said, instead of whether the results were good or bad until now.”
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