Fast Selloffs, Fast Rebounds: Trump Volatility Rocks Wall Street
"Trump" hats on the floor of the New York Stock Exchange.
Photographer: Michael Nagle/BloombergThe abrupt threat of US tariffs on Europe triggered one of the most synchronized market selloffs this week since the pandemic — and had traders second-guessing once-reliable hedges.
Stocks tumbled, along with bonds, credit, crypto and emerging markets after President Donald Trump floated fresh levies as part of a Greenland power play. By midweek, Trump reversed course and markets bounced back.