Jim Cramer: How Investors Can Protect Themselves From a Market Sell-Off
Wall Street was hit with a terrible Tuesday with the Dow Jones Industrial Average down, the S&P 500 down 1.65% and the Nasdaq down 1.96%.
The declines followed intraday lows that saw the indices down over two percent with losses for a majority of publicly traded stocks.
Why you ask?
Fear spiked on concerns of what impact a collapse in U.S.- China trade talks could have on an already feeble global economy, primarily driven by comments from the White house and weekend tweets from President Trump.
Which brings us to... Cramer sums it up nicely here: One-Two Punch: Cramer's 'Mad Money' Recap (Tuesday 5/7/19) Gauging the Impact of a Trump Tweet Wall Street erased some earlier premarket losses and opened highly volatile after President Trump tweeted out another series of comments on the status of trade talks.
Wall Street erased some earlier premarket losses and opened highly volatile after President Trump tweeted out another series of comments on the status of trade talks.
The reason for the China pullback & attempted renegotiation of the Trade Deal is the sincere HOPE that they will be able to "negotiate" with Joe Biden or one of the very weak Democrats, and thereby continue to ripoff the United States (($500 Billion a year)) for years to come.... - Donald J.
Trump (@realDonaldTrump) May 8, 2019 This was paired with news that the United States Treasurer is taking the first steps toward increasing tariffs on China Friday, placing the tariffs in the federal register.
Investors will need to keep a close eye on negotiations going forward with the U.S. and China scheduled to resume talks in Washington ....Guess what, that's not going to happen!
China has just informed us that they (Vice-Premier) are now coming to the U.S. to make a deal.
We'll see, but I am very happy with over $100 Billion a year in Tariffs filling U.S. coffers...great for U.S., not good for China!
- Donald J.
Trump (@realDonaldTrump) May 8, 2019 Related.
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