US stocks were sharply lower Friday as investors digested souring consumer sentiment and inflation data that showed an uptick in one of the Federal Reserve’s key gauges, underscoring the delicate state of the economy as businesses brace for President Donald Trump’s tariffs.
The Dow tumbled 750 points, or 1.77%, on Friday. The broader S&P 500 fell 2.1% and the Nasdaq Composite slid 2.8%.
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Wall Street was also grappling with Trump’s announcement on Wednesday of 25% tariffs on all cars shipped into the US, set to go into effect April 3. Trump also announced tariffs on car parts like engines and transmissions, set to take effect “no later than May 3,” according to the proclamation he signed.
Those are technical terms. Thats when i recommend buying back in.
Those are only defined for a time period historically. When those time periods have those names, you’re at the point I’m talking about where you may have missed the entry point to buy in cheaply. Nobody says, with any faith or knowledge, “this is it! this is the recovery starting right now!”.
There are mathmatical definitions. Like our current correction happened when we were 10% below peak. Thats what i mean by calling them technical terms