Roughly $11.1 trillion has been wiped away from the U.S. stock market since Jan. 17, the Friday before President Donald Trump took the oath of office and began his second term, according to data from Dow Jones Market Data.
Some $6.6 trillion of that figure was lost on Thursday and Friday alone — the largest two-day wipeout of shareholder value on record, Dow Jones data showed.
Your prediction is based on this being a drop based on normal market fluctuations, but that’s not what this is. This drop is based on just the NEWS of tariffs that ALL economists recognize will be disastrous. Wait until the tariffs are actually in place, prices rise steeply, spending plunges, and the ripple effect moves across the entire global economy. That 17% drop won’t be some random sawtooth on a chart, it will be the first dip in a steady long-term downward trend.