Stocks Fall Into a Correction With Investors Down on Trump

Whether you like the stock market or not, it’s a leading indicator — the all-time leading indicator,

he told reporters in October 2020.

Markets are going to go up, and they’re going to go down,

he told reporters this week

I think this country is going to boom. But as I said, I can do it the easy way or the hard way,

Trump told reporters on Tuesday

That's pretty good news in terms of inflation but the problem is, you have a trade war that's expanding,

said Peter Cardillo of Spartan Capital Securities

The only problem is we don't know exactly how long it will go,

Stovall said

In only a few weeks, the broader market has gone from record highs to correction territory,

said Adam Turnquist, chief technical strategist for LPL Financial

There's still a lot of uncertainty concerning the economy,

said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana

And you’re seeing it most acutely in some of the more sensitive areas of the market like the fairly inflated Magnificent 7,

Dickson added

I think what markets are telling us is that they are very concerned about the potential for a recession,

said Kristina Hooper, chief global market strategist at Invesco

With policy uncertainty extraordinarily elevated, the U.S. economy has already begun to be negatively impacted,

Seema Shah, chief global strategist at Principal Asset Management, said in a note to clients Thursday

Speculative assets have been sliding not because investors have determined the true cost of tariffs, but instead because the marketplace has suffered one of its periodic bouts of risk on, risk off,

John Rekenthaler, a markets commentator and former vice president at the Morningstar investment firm, wrote in a recent column

I’m not concerned about a little bit of volatility over three weeks,

he said on CNBC’s “Squawk on the Street.”

In response to the now heightened risk of stagflation, we are lowering our S&P 500 valuation expectations and year-end price targets,

Yardeni said

I think in the next eight to 12 weeks, the data cycle here in the U.S. is going to be very important,

Morgan Stanley's Khanduja said

The market today, from our assessment, especially the fixed income credit market, is not pricing in significant policy downside from here,

Vishal Khanduja, head of broad markets fixed income at Morgan Stanley Investment Management

More clarity from the fiscal policy side would be critically helpful,

Morgan Stanley's Khanduja said

Trends that would suggest a cold economy and hot inflation are still in the early stages, but uncertainty remains high,

according to Phil Segner, senior research analyst at Leuthold

It has dawned on Wall Street (and us!) that President Trump's tariffs aren't negotiating chips to help the U.S. lower tariffs around the world, promoting free trade,

Yardeni said in a note to clients Thursday

If tariffs stick, the one-time price increase and uncertainty regarding its impact on inflation expectations are likely to be enough to keep the FOMC on pause,

he said, referring to the policy-setting arm of the U.S. Federal Reserve

Buy Bundy rather than some of the American products … You can make a difference,

Albanese said in a radio interview on Thursday, referring to the renowned domestic rum