This is one of the most confusing stretches for the US market, which I remember recently.
The S&P 500 (^GSPC) fell by more than 10% in just three days. The three-day collapse of stocks after President Trump’s tariff announcement is based on Yahoo’s financial data, just under the worst sales since World War II.
The only three-day periods that reduced inventory occurred in 1987, 1998, 2008, 2011 and 2020.
On Monday, the S&P scored around 8% in under 30 minutes in false reports that President Trump is considering a 90-day suspension in his tariff rollout. The White House immediately denied the report and classified the potential tariff suspension as “fake news.”
The transaction measures show how the chaotic global market has been going on since Trump announced plans to raise US tariff rates to the highest levels for more than a century.
The S&P 500 is currently on the brink of the bare market, down about 17% from its recent history high. Many of the largest stocks in the market are all over 20% from their recent highest high. Oil prices have been cratered to their lowest levels in nearly four years, and overseas markets are struggling with the weight of the impact.
Below are some of the most eye-opening charts from one of Wall Street’s most aggressive sales in the last 100 years.
On April 2nd, Trump came up with a long-awaited plan to slap countries around the world at mutual tariffs. The new tax ranges from a 10% “baseline” tariff to an additional state obligation to be considered “the worst offender.”
All of them, Trump has announced tariffs affecting around 185 countries, including the largest US trading partner. For example, additional mutual tariffs include a 34% tariff on Chinese imports, a 20% tariff on European Union imports, a 46% tariff on Vietnam imports, a 32% tariff on Taiwan imports, all scheduled to come into effect on April 9th.
In his latest escalation of his trade war, Trump threatened China with an additional 50% tariff if Beijing did not remove the 34% retaliation collection for US imports that he announced last week.
Other countries are beginning to announce their own retaliation and negotiation plans with the US as investors are in more pain in the coming days and weeks.
Just as “magnificent seven” stocks have helped out the bull market over the past two years, market leaders have also been at the forefront of the massive feet.
The story continues
