The Dow Jones industrial average, which tracks 30 major US companies, has dropped by 0.9% – shedding 383 points to trade around 42,418.
The broader S&P 500 index is down 1.4%, while the tech-focused Nasdaq has slumped by 2%.
This follows last week’s selloff, in which the S&P 500 fell by over 3%, its worst run since early September.
Stocks are sliding today after China today imposed reciprical tariffs on US imports, targeting agricultural products, in response to the 10% tariff imposed by the US on Chinese imports.
Hopes that Donald Trump’s more erratic actions could be reined in by the markets appear to be being eroded, after the US president failed to rule out a recession in his weekend interview with Fox.
Those people are institutional buyers, they’re buying it up right now.
All of this seems designed to cause pretty much anybody that’s not super wealthy to lose their ass. Dumping that water in California, they knew that was going to hurt farmers later, but that’s okay the vice president is investing heavily in farmland. House prices going up taxes so much that boomers can’t afford to stay in them anymore, going to get bought up by institutional buyers.
Absolutely part of their plan.