Investors are preparing for a 'bloody' market opening on Monday after the worst trading week for major indices such as S&P 500, NASDAQ 100, and DJI since the crash caused by the COVID-19 pandemic in 2020.
Markets are experiencing significant tension in anticipation of reciprocal tariffs imposed by the European Union, following Trump's decision to impose a 20% tariff on imports from the EU. We should view retaliation as a cycle; Trump's tariffs may lose effectiveness, prompting him to retaliate. We have seen a similar dynamic in recent stories regarding Canada and Mexico.