34. Weekly Market Recap: Key Movements & Insights
π Historic Market Meltdown: $6+ Trillion Vanishes as Tariffs Take Their Toll πΈ
Tariffs Trigger Financial Chaos: Markets Suffer One of the Worst Drops in History
The financial markets faced a turbulent week as the White House unveiled a sweeping new tariff policy, triggering widespread volatility. Investors are now bracing for a critical week ahead, with key economic data and corporate earnings on the horizon.
The S&P 500 started the week positively, rebounding from the prior week's losses. However, optimism quickly faded after the White House announced a significant tariff hike on Wednesday evening. The new policy, targeting most U.S. trading partners, sent shockwaves through the markets. Stocks, gold, cryptocurrencies, and U.S. 10-year Treasurys all experienced steep declines, with the S&P 500 plunging over 4% at Thursday's open.
By the end of the week, the S&P 500 had suffered its worst performance since March 2020, dropping 7.4%. The broader market lost a staggering $11 trillion in value over Thursday and Friday alone. Hedge funds faced the highest number of marβ¦
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