S&P Plunges Through Critical Technical Support, Nasdaq Negative For Year
Content adapted from this Zerohedge.com article : Source
The stock market ended the week on a major down note.
Friday saw the Dow shed almost 600 points. This appears to be in response to the trade war President Trump is waging with China.
The President warned investors that there is going to be some pain in the markets.
We now see all major equities at a loss for the year.
One bearish signal, the S&P broke the 200 DMA.
Next week will tell us if it bounces back or keeps heading lower.
Non-adapted content found at zerohedge.com: Source
it`s hard to know what will the markets do when they can always print money
I guess investors will give Trump the excuse to reset the stock market.
Trump must have known what was coming with the tariffs he imposed. Though he feels it's what was best for the American people as he was protecting the American industries, the implications are having bigger side effects on the public. Investors fleeing US stocks is worrying for the stock market, and it seems the situation is getting worse as China intensifies the war. China and USA are the biggest influencers in the global economy.. and them having these tit-for-tat tariffs on each other is going to affect the economic growth of the global economy.