The US stock market President Donald Trump The beginning of the second season has been miserable, tells Marketwatch.
The value of the shares has melted $ 9,600 billion since Friday 17 January. On Monday, 20 January, Trump swore his oath.
The calculation is based on Factsetin And Dow Jones’ market data.
In the last two days, $ 5,000 billion has been wiped out. It’s a historically high loss over two days, says Marketwatch.
Yesterday Thursday of the value of US shares faded over $ 3,000 billion. Stock exchange day was the worst since March 2020. At that time, the beginning of the corona pandemia caused market panic.
The reason is the fears that the import duties prescribed by Trump and the accelerating trade war are driving the US economy. Inflation, that is, the rise of consumer prices, is expected to be accelerated and economic growth will be clotted. The fear is that unemployment is also increasing.