Global trade partners react to the expected tariffs than harsh, as investors expect the second week of unrest. The US S&P 500 e-minus stock futures were last at 4%. Dow e-minus was down 8.8%, while the Nasdaq 100 e-minus was 6.6% at the Open on Sunday.
In the two days after Trump’s Wednesday’s tariff announcement, the benchmark S&P 500 index fell 10.5% and lost about $ 5 trillion in market value. It was the biggest loss of two days since March 2020. Thursday and Friday the Ste Slide S&P 500 dropped below 17% of its February 19 all-time closing high, and brought it closer to the market area of the bear, which is usually defined as a 20% reduction.
“The bull market is dead,” said Mark Malek, Chief Investment Officer of Siebert Financial. “We will see some benefits in the next few days, but for now they will not be durable.”
Tariff News time, which was consistent with the beginning of the first quarter earning season, is contributing to a dark point of view, Malek said. At the Talk A show on Sunday morning, Trump’s top economic advisers sought to show tariffs as a wise repository. Treasury Secretary Scott Besent said on NBC News “Press” that there was no “no reason” to expect a downturn.
Some traders believe that the stock market will try to make a minimal return. “It is imperative that it is imperative that we will be our day this week,” said Steve Sosmin, chief investment strategist at interactive brokers in front of the futures opening.
The question remains about the durability of any rally. “We can see one day this week where the screens are green, but no permanent rally will come for three or four weeks,” said Alex Morris, chief investment officer of F/M Investment. “At that time, people will start to say that we have taken enough air from the balloon.”
(Now you can subscribe to our Etmarkets WhatsApp channel)