Trump's tariff policy is on the way, which may cause nearly 2 trillion dollars in Market Cap to evaporate in the US stock market.
Due to concerns that President Donald Trump's new round of large-scale tariff policies could plunge the USA economy into recession, it is expected that at the opening of the US stock market on Thursday, the Market Cap of the companies in the S&P 500 Index will evaporate by about 1.7 trillion dollars.
Trump's Sweeping Tariffs Could Cost US $20 Trillion, Crash Markets Warn Economists: 'Monstrously Destructive'
'Dr. Doom' Nouriel Roubini: Trump's 'Liberation Day' Tariff Label Is Orwellian Doublespeak, US 'Playing With Fire'
Trump's "disruptive tariffs" severely impact the Global market, leading to a debate on "stagflation panic" and "bottom-fishing strategies" on Wall Street.
During the peak moment of "Liberation Day," President Trump of the USA fulfilled his threat to disrupt the modern Trade order, which shocked Wall Street traders.
Tariffs exceeded expectations, U.S. stock Futures plummeted, Apple fell sharply over 7% after hours, U.S. bonds rebounded, and Futures gold reached a new high five times.
Tesla initially fell over 6% but ended up rising over 5%. After Trump announced reciprocal tariffs, the yield on the ten-year U.S. Treasury bond first hit a daily high and then turned lower; Bitcoin surged past the 0.088 million mark before dropping over 3000 dollars. Crude Oil Product closed at a new high for over two months but turned down after Trump's announcement of tariffs.
Extreme sadness gives birth to joy? Analysts at JPMorgan believe that the U.S. stock market may welcome a strong rebound.
Ilan Benhamou, a member of JPMorgan's equity derivatives sales team, stated that current market participants are in the most pessimistic state since the COVID-19 pandemic.