"The bull market is dead, and it was destroyed by ideologues and self-inflicted wounds"
"The bull market is dead, and it was destroyed by ideologues and self-inflicted wounds," said Emily Bowersock Hill, CEO and founding partner at Bowersock Capital Partners. "While the market may be close to the bottom in the short-term, we are concerned about the impact of a global trade-war on long-term economic growth."
China's efforts to respond to Trump's tariffs extended beyond reciprocal duties of their own. Beijing added several companies to its so-called "unreliable entities list," which asserts that the firms have broken market rules or contractual commitments. In addition, China opened an antitrust investigation into DuPont on Friday, sinking shares 12%.
The 10-year Treasury yield fell back below 4% Friday as investors flooded into bonds for safety, pushing prices up and rates lower. JPMorgan late Thursday raised the odds of a recession this year to 60% from 40%.
The escalation comes after the U.S. duties announced by Trump sent stocks to their worst day since 2020.Trump appeared to be steadfast in the face of the markets backlash, posting on Truth Social Friday that his "policies will never change," while urging investors to invest more in the U.S.
https://www.cnbc.com/2025/04/03/stock-market-today-live-updates.html
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