Schaeffer's Market Recap A potential recession was the talk of Wall Street today
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| | 8/14/2019 | |
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VIX Surges, Trump Tweets During Huge Stock Sell-Off | By Josh Selway | | Growing recession fears sparked heavy selling in stocks today. Traders responded to an inverted yield curve on top of ugly economic data out of China and Germany, sending the Dow to a monstrous 800-point loss. President Donald Trump weighed in on Twitter, calling Fed Chair Jerome Powell "clueless" and saying the Fed raised rates "too much & too fast." The percentage losses were about the same for the S&P 500 and Nasdaq, with bank and tech stocks some of the hardest hit. Meanwhile, gold prices popped and the VIX jumped back above the 20 handle. Continue reading for more on today's market, including: | >> Continue reading... | |
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