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Image Credit: Baystreet

Why the Stock Selloff Might Worsen

  • Stock markets are at risk of a selloff due to the impact of Trump tariffs on the global economy.
  • Consumer sentiment is being affected by tariffs, leading to reduced spending and potential cost-cutting measures by corporations.
  • Companies relying on advertising, such as Alphabet, Meta Platforms, The Trade Desk, and Applovin, are experiencing stagnant rallies or downward trends.
  • The increase in trade hostilities and tariffs by the U.S. against major trade partners like Mexico, China, Canada, Europe, South Korea, and Japan adds to the risks facing the stock market.

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