r/stocks • u/Jogaila2 • 2d ago

Why Only 9% Down?

I've witnessed all the major crashes sincec '89 and too many mini meltdowns to count...and I have never witnessed such uniform, orderly meltdown like this. All the major markets around the world are down almost exactly 9%. I didn't hear about any panic so bad as to require trading halts. What gives?

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u/dabocx 2d ago

A lot of people still think they will be pulled or cut back.

If they don’t and more countries start firing back it’ll start moving more. Especially if trump adds chips and pharmaceuticals soon which are currently exempt

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u/muxcode 2d ago

Exactly, the market knew for a long time the tariffs were comings, its been selling off for weeks since Trump started talking about it. This was a correction for the size being larger than expected, unlike his last term. This is about scope of tariffs.