9 reasons stocks are plunging

[Yo_Mama_Been_Loggin]

There was no single headline, no one trigger that sent U.S. stocks into a free-fall Tuesday afternoon. Instead, the rout that lopped more than 800 points off the Dow Jones Industrial Average had no shortage of explanations among Wall Street traders.

Among the culprits cited:

1. The supposed trade truce between China and the U.S. began to look more like a vague agreement to do nothing concrete. A Sunday night rally in S&P 500 futures that topped 2 percent got wiped out by midday Tuesday.

2. The first inversion of any portion of the Treasury yield curve in more than a decade awoke the specter of a recession, while the relentless flattening of the slope elsewhere sent financial shares careening to the worst day since February. Earlier Tuesday, JPMorgan Asset Management said cash will likely outperform equities.

3. Technical levels buckled, then broke. The 50-day average in the S&P 500 was first to go, then the 200-day got obliterated. “There was some forced selling as we got to important technical levels,” Tom Essaye, a former Merrill Lynch trader, said. “It wasn’t a specific event that caused it, it’s just been building all morning.”

4. Angst that the housing market is ill resurfaced. Toll Brothers, one of the high-end builders, posted results that pointed to softening fundamentals.

-more-

https://www.msn.com/en-us/money/markets/9-reasons-stocks-are-plunging/ar-BBQuQDt?li=BBnb7Kz

[Guppy]

1. If you want to live like a repiublican

vote for a democrat. These jerkoffs are the worst managers of an economy. Who the hell stimulates a good economy. Only an idiot does that.