Dow slides and S&P closes in correction as Trump’s trade war escalates

The 'tecnobros' who tucked Trump in as an arrogant Praetorian guard at his inauguration (Elon Musk, Jeff Bezos, Mark Zuckerberg and Sergey Brin) have lost $209 billion since their idol came to the White House. Trade wars are raising testosterone, but they are lowering that of the stock market "Like it or not the stock market, it is a leading indicator, the leading indicator of all time." As The New York Times recalled, Donald Trump made this com…

We Are On The Verge Of Completing An Impressive Trifecta: A Stock Market ‘Correction’, A Global Trade War And A Government Shutdown All At The Same Time

We certainly do live in “interesting” times.  In all my years of writing, I have never seen a stock market correction, a global trade war and a government shutdown all happen at the same time.  If the federal government does indeed shut down on Friday, we will complete that very impressive trifecta.  Needless to say, a government shutdown would only add to the jitters that we are witnessing on Wall Street right now.  On Thursday, the Dow Jones I…

Trump's second honeymoon sets rocky markets scene

Since an all-time high on Valentine’s Day, the value of the S&P/ASX200 has dipped 10 per cent. (Steven Saphore/AAP PHOTOS) By Adrian Black Four weeks was all it took to wipe more than $240 billion from the Australian share market’s top 200 $2.8 trillion combined market cap. The S&P/ASX200 has been heading south since hitting an all-time high on Valentine’s Day and has lost roughly 10 per cent since. Anemic earnings, particularly in Australia’s b…

Trump's 'America First' policies are boosting stock markets overseas

President Donald Trump’s policies are sending tremors through Wall Street, but they’re having the opposite effect an ocean away.

US economy meltdown as stock market hits 'correction' after losing $5trillion

The US economy has bled for weeks on end, shedding more than $5trillion on the back of trade war uncertainty.

The US actions continued to suffer from the growth economic uncertainty caused by the Trump administration. ...