Guggenheim: Trade War Could Trigger Agonizing Stock Market Crash
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| Source: AP Photo / Richard DrewEven a Fed rate cut might not be enough to hold back the onslaught.If the stock market follows Scott Minerd’s projections, the Dow Jones Industrial Average will drop 13% from its current level by summer’s end.The S&P 500 will take a 16% loss from its current benchmark in this worst-case scenario.Tech companies will take the most trade war damage with the Nasdaq Composite Index sliding 18% from today’s trading levels.And here’s the tragic irony: It wouldn’t be the first time tariffs spurred a stock market crash and a massive economic depression in the United States.
As said here by Wes Messamore