cross-posted from: https://lemmy.world/post/28033197
Summary
US stocks fell sharply Thursday after a historic rally, as investors refocused on lingering economic damage from Trump’s tariffs. The Dow dropped over 900 points, with the S&P 500 and Nasdaq also down.
Despite Trump’s 90-day pause on some “reciprocal” tariffs, others remain, including a universal 10% tariff and 25% duties on autos, steel, and more.
Economists warn of recession risks. China raised tariffs to 125% on US goods, with Beijing responding in kind.
Markets remain volatile, and analysts say temporary relief hasn’t changed underlying economic threats.
The crazy thing is the buffet indicator is still way high. We have a lot farther to fall before Warren Buffet would suggest entering the market.
I just took a look at it for the first time in months. Not a lot has changed.