Certificati di investimento - Capitolo 9

The rout extended a miserable month for markets that has seen all three major indexes wipe out their gains since the US presidential election in November.

The widespread selloff was mostly driven by anxiety about the impact of Trump’s tariffs. In an interview that aired Sunday, Trump said the US economy would see “a period of transition” and refused to rule out a recession.

When asked on Fox News’ “Sunday Morning Futures With Maria Bartiromo” if he was expecting a recession this year, Trump said “I hate to predict things like that. There is a period of transition because what we’re doing is very big.”

Tech stocks led the selloff, weighing on the S&P 500 and dragging the Nasdaq into correction territory. The S&P 500 closed down 8.6% from its record high on February 19.

The “Magnificent Seven” of tech stocks — Alphabet (GOOG), Amazon (AMZN), Apple (AAPL), Meta (META), Microsoft (MSFT), Nvidia (NVDA) and Tesla (TSLA) — were all in the red on Monday.

“President Trump’s comments not necessarily taking a recession off the table unnerved investors who were already unnerved,” said Anthony Saglimbene, chief market strategist at Ameriprise.

The White House on Monday said Trump was set to spark “historic” growth in his second term.

“Since President Trump was elected, industry leaders have responded to President Trump’s America First economic agenda of tariffs, deregulation, and the unleashing of American energy with trillions in investment commitments that will create thousands of new jobs,” White House spokesman Kush Desai said in a statement. “President Trump delivered historic job, wage, and investment growth in his first term, and is set to do so again in his second term.”
 

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