This post was originally published on this site
Last Updated:
First Published:
Peter Tuchman, a prominent New York Stock Exchange floor trader who’s been known for his photogenic facial expressions, calls the mixed messaging out of the White House “economic terrorism.”
Early in the year, things were going great, and the S&P 500
SPX hit a record intraday high of 6,147 on Feb. 19. From there, things took a turn for the worse as President Donald Trump began talking about putting tariffs on Canada and Mexico. Weeks of volatility ensued, sending the index down by about 19% from peak to trough.
