The US markets eliminated all their post -election profits because the shares have deepened their sale with fresh tariffs to Canada, Mexico and China, now officially valid.
Benchmark S&P 500 (^GSPC) The index is now 1% from the election day. Especially, Erased about $ 3.3 trillion on the market cap Since February 19.
Nasdaq 100 (Nq = f) declining by 4% in the same period of time, while a wider technical index (^Ixic) is 1.5%. Dow (a blue chip (^Dji) from November 5th fell by almost 1%.
From 13:11:06 Est. Open market.
^Dji ^GSPC ^Ixic
Only a few months ago, shares were traded with consistent records, because Donald Trump's presidential victory was driven by the Bull's Euphoria of Wall Street of Hope for Policy for Business and Lower Taxes.
Lightning forward to this day and that Euphoria evaporated when Trump's tariffs were concerned about growth, while inflation remains stubbornly increased.
“Many key trends in the financial markets in the preparation and immediate consequences of the US elections last November stopped or partially reversed since the President Trump joined the office last month,” wrote Jonas Goltermann, representative of the main economic selling in capital economy, last week.
“Since then, the revenues of the US Treasury have fallen, the 2-10s curve flattened, the US stocks fought both absolutely and due to those else and the dollar fell,” he said. “In other words, narration” Trump shop “that dominated many markets in Q4 is paid.”
