Wharton School professor Jeremy Siegel on Friday issued a strong warning about President Donald Trump's sweeping tariff policy. Siegel argues Trump's tariff policy could be more damaging than the infamous Smoot-Hawley Tariff Act of 1930.
Wedbush tech analyst Dan Ives on Friday morning described Trump's tariffs as a "bad science experiment that in the process will cause an economic Armageddon in our view and crush the tech trade."
Dip-buying absent in early NY trading, Wall Street deep in red as trade war fears escalate despite strong jobs report. Investors on edge for hints from Fed Chair Powell.
He said that since the tariffs are sweeping and almost all-pervading, their overall impact on the Indian economy is smaller relative to what would have been if they had been unilaterally levied on the country alone.
Munster said tariffs don’t change the reality that the race to general intelligence is the most significant tech, economic and geopolitical shift in 25 years.
The United States announced sweeping tariffs on several trading partners, including Asian nations such as Vietnam, Indonesia, and Bangladesh, which manufacture shoes and clothes for American labels.
In this video, I break down the technical analysis behind today’s sell-off, covering key support and resistance levels, and discuss what traders need to watch next.
We knew the markets probably weren’t going to respond well to the tariffs, but the breadth and depth of them provoked a virtual instant selloff in aftermarket trading yesterday.
