NEW YORK - President Donald Trump’s tariffs have spooked investors, with fears of an economic downturn driving a stock market sell-off that has wiped out US$4 trillion (S$5.3 trillion) from the S&P 500’s peak last month, when Wall Street was cheering much of Mr Trump’s agenda.
We can only hope that they’re currently heavily leveraged with loans on equity holdings, such that they have to liquidate assets.
Nothing will stop them from gathering up all the low price shares.