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
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