A random incident of misinformation on social media offered a … “crystal clear bullet” for Wall Street, while for President Donald Trump, it was a look at a future where the hero of markets can be made if he pays attention. According to CNN on Monday, the shares fell sharply as investors around the world were trying to appreciate how disastrous Trump’s commercial sanctions would be for the global economy. In Wall Street, the key indicators opened with more than 3%, entering the so-called “Bear-Market Territory”, more than 20% below their latest high just seven weeks ago. The day seemed to evolve into yet another market value bleeding in response to the announcement of duties last week. However, in less than an hour after market opening, the shares recovered sharply, rising 8% in minutes. (To be clear, this is not the case on a normal day) the short eject in […]
Source: News Beast
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