Global equities meltdown eases
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entrenched tariff viewsReuters
•Business
Business & Economics
US stocks slide loses steam even as tariff worries remain
71% Informative
At the close of trade in New York , the S&P 500 was down 0.23% on the day .
Japan 's blue-chip Nikkei slid almost 8% and European shares fell more than 4% . But U.S. Treasury yields rebounded from an earlier fall and the VIX stocks volatility gauge tempered its rise after jumping to its highest since August .
“This is a man-made problem. Concentrated really around one man, as opposed to any institution discussion with the USTR . If that one person changes their mind, suddenly the whole algebra changes,” he said.
“Many countries, China included, are going to escalate instead of de-escalate. Things could get worse before they get better”.
"The VIX is pricing a recession. This is not going to fade anytime soon" "This volatility reaction is extremely healthy for what we have just witnessed." "This situation can get a little bit worse before it gets better" "We have a target of 4,500 (for the S&P ) in the case of a U.S. recession, which is becoming relatively more likely".
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