(Wall Street)

The Dow Jones was down 804 points as of 2:00 PM this afternoon, bringing it to 25,020.  The selloff was based on speculation that the US-China trade truce was nixed.  The drop erases all gains from last weeks news of being optimistic about a truce.

“President Xi and I want this deal to happen, and it probably will.  But if not remember, I am a tariff man.” Trump Tweeted

Average Home Price in Brooklyn Over $1 Million for First Time Ever

Queens Gets Ready to Build it’s First Residential Tower over $1 Billion

This news combined with high-end home prices dropping or at very least plateauing across the county has some experts worried about an upcoming recession.

Are you concerned that we are headed for a recession/market correction?  What are your thoughts??

Seth Goldstein / Seth@NYNJ.COM / © NYNJ.COM