Friday afternoon. What does the World think? Wallstreet Journal:
"2,200-Point Drop in Dow Ends Brutal Week for Stocks
Blue chips enter correction as Nasdaq, S&P plunge nearly 6%; more than $6 trillion erased from market in two days"
https://www.wsj.com/livecoverage/stock-market-tariffs-trade-war-04-04-2025
"What Happened in Markets Today
Markets are in free fall. China retaliated against U.S. tariffs, escalating the biggest trade war in a century and sending global stocks to a second washout day in a row. The Nasdaq entered a bear market while sliding 5.8% at the close. The Dow Jones Industrial Average fell about 2200 points, or 5.5%. The carnage was widespread, with fewer than two dozen S&P 500 stocks rising for the day. The marketwide toll from the two-day tariff rout surged past a record $6 trillion.
Fed Chair Jerome Powell warned of economic harm. He said the U.S. economy was likely to face a period of higher prices and weaker growth than seemed possible a few weeks ago because of larger-than-anticipated tariff hikes. His remarks carried an undercurrent of caution about how the Fed would be able to address any fallout because the central bank will want to ensure one-time price increases don’t lead to persistently higher inflation.
The economy is still strong. Investors drew little solace from an unexpectedly strong jobs report that showed the economy added 228,000 jobs last month, well above the 140,000 economists polled by The Wall Street Journal had expected.
Uncertainty is the only certainty for investors right now. Even as Trump left the door open to making deals, he vowed new tariffs on drugs and microchips. JPMorgan analysts on Thursday boosted their odds on a global recession to 60%. Trump remained unbowed, saying now is a "great time to get rich" and that "China played it wrong, they panicked."
Investors rushed into Treasurys. That pushed 10-year yields below 4%. Bonds in other big economies, like Japan, Germany and the U.K., also rallied. Bond yields fall as prices rise. The dollar, which fell sharply Thursday, rebounded somewhat but remains near its weakest levels of the year.
This analysis comes from the Journal's Heard on the Street team. Subscribe to their free daily afternoon newsletter here."
My 2 cents. You can't plan factory moves, expansions, or even create accurate spread-sheets with daily changes from a "leader" tweeting new policies every day.