New York (Reuters) -Major Us Attices sank on Monday, after US President Donald Trump refused to predict whether his tariff policy could lead to a recession, and the mood of investors.
The Nasdaq Composite sagged more than 3% after he had confirmed last week that it was withdrawing from the record high of December in December. The S&P 500 resigned by 2%, which from February 19th decreased by about 8% compared to the all -time high.
In the following you will find investors and analysts comments on sale.
Dan Coatsworth, Investment Analyst, AJ Bell, London
“US market sales look ugly. Many people have been concerned about increased reviews between the US shares for some time and have been looking for a market correction for the catalyst. This catalyst could be a combination of concerns about a trade war, geopolitical tensions and an uncertain economic prospects.”
“Trump was regarded as a buoyancy of the market and promised lower taxes and less strict regulation. Now his actions represent the harbinger of the fate. The R -word is back on the lips of everyone, since people think about whether trade tariffs will lead backwards and rather to a recession and not to the economic prosperity of the United States.”
“During his first term as a US president, Donald Trump often quoted an increasing stock market as a representative for his success. As such, he will not want to see a full -grown market accident months after his second term. “
Michael O’Rourke, chief market strategist, Jonestrading, Stamford, Connecticut
“There was so much expectation after the election – much of this – but it was overwhelming that everything that great environment would be when President Trump came into office. What he tries to reduce is structural changes … And every time they have structural changes, they become uncertainty and they will start to start with something to benefit.
“In addition, we have this age of unusual people in which the USA exceeded massively … This is also part of the backdrop that they invest in other places in the world with much lower multipliers and at least not exposed to the expensive ratings of the United States, while the United States is driving its structural shift.”
Idanna Appio, portfolio manager, First Eagle Investment Management
“In my opinion, the broader pressure on US assets reflects a lot of increased uncertainties about the US policy. This uncertainty is generally quite bad for companies because they are not sure how to invest where to invest, and it becomes more difficult to make decisions.”
“And we saw that in 2018 and 2019, but this time it is much more extreme and quite a few different things happen.”
Jamie Cox, Managing Partner, Harris Financial Group, Richmond, VA
“The markets are really concerned about the debt limit, but it manifests itself as a growth. The irony is that the mood is now so bad that the markets are probably positive in reference to anything positive, whether it is a state closure, ends a war (trade or otherwise), etc. – We are in the dark at this point.”
Ross Mayfield, investment strategist, Baird, Louisville, Kentucky
“The Trump administration seems to be the idea that you fall with the market to accept a little more, and with a recession you may even be fine to achieve your wider goals. I think that is a big wake-up call for Wall Street. It had a feeling that President Trump measured his success on the stock market market performance when the stock market market has considered the performance of the stock market market.
“(Tech shares) very expanded ratings that are traded on the broader market with rather large bonuses. So they have certain air pockets, and technically they don’t look good. There could be more weakness to come at short notice, but I would definitely buy these high -quality growth companies on the DIP.”
“A place we have to visit is my preference for us (shares) towards international. The pressure that the Trump administration exerts foreign governments actually led to outperformance from these countries (like) China and Europe. This is a place where we rethink it for something more structural or just a short -term trade.”
Ayako Yoshioka, senior investment strategist, asset improvement, Los Angeles
“We have clearly seen a great shift in mood. And part of it is only a result of the dynamics that we have seen in many growth parts in the past two years.
Art Hogan, Chief Market Strategist, B Riley Wohlstand
“The story changes every day in terms of tariffs causes all of these uncertainties. The damage to the markets that have everything to do with the mood is more reflected in the Nasdaq, since technology stocks are certainly more influenced by the risk mood. De-rispiding also tends to take them from the high beta names that are in Nasdaq.”
Chris Zaccarelli, Chief Investment Officer, Nortlight Asset Management, Charlotte, NC
“The Nasdaq was a risk all year round. Today is nothing new about what we have seen in the past few weeks, but it is a continuation of what we have seen. And that is only the unfortunate combination of very high reviews in which we have started the year and then increased uncertainty.”
Thomas Hayes, chairman at Great Hill Capital LLC
“If you want to know what is going on with the US market, no longer pay attention to the tariffs and pay attention to the Japanese state bond yield.
(Reporting by Purvi Agarwal, Lewis Krauskoopf, Nikhil Sharma, Sinead Carew, Lisa Pauline Mattackal, Dhara Ranasinghe and Caroline Valetkevitch; Editing of Alden Bentley and Lananh Nguyen)
