Traders Who Bought Trump’s ‘Pro Growth’ Plan Now Pay for It
- Volatility returns as equity swings look like November 2020
- “I can see an even bigger correction coming”: Jeremy Siegel
Donald Trump
Photographer: Brendan Smialowski/AFP/Getty ImagesThis article is for subscribers only.
Wall Street is on edge again, but the culprit this time isn’t just inflation. Instead, equities investors large and small are gripped by fear of slowing economic growth in the US.
The S&P 500 Index has wiped out all of its gains since Donald Trump was elected president on the strength of what Wall Street considered his “pro-growth” agenda. Meanwhile, the technology-heavy Nasdaq 100 Index briefly slumped into a correction Friday after plunging more than 10% in 17 days as investors dump the winners that paced the soaring stock market over the past two years.