Reuters reported that due to Trump's renewed tariff threats related to Greenland, Wall Street experienced its largest single-day drop in three months on Tuesday, with the market entering a risk-off mode overall. The S&P 500 Index, Nasdaq Composite, and Dow Jones Industrial Average all recorded their worst single-day performances since last October, with the S&P 500 and Nasdaq both falling below the 50-day moving average. Gold was pushed to a new historical high, U.S. Treasury bonds faced selling pressure, long-term yields rose, and Bitcoin fell more than 3%, indicating that risk assets were generally under pressure. Although some institutions believe that the current situation is more of an emotional reaction, the sharp decline in Japanese bonds and the rise in long-term bond yields in Europe and the United States have heightened global market concerns about the spillover effects of trade and policy uncertainties. At the same time, investors are waiting for this week's U.S. GDP, inflation, and corporate earnings data to determine whether fundamentals can buffer the impact of the next round of policy shocks.
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Original: toutiao.com/article/1854910009393610/
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