Switzer on Saturday

Donald’s tariffs have done it again to our portfolios!

Founder and Publisher of the Switzer Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
23,533.20
-424.69
-1.77%
-5.67%
S&P 500
2,588.26
-55.43
-2.10%
-5.95%
NASDAQ
6,992.67
-174.01
-2.43%
-6.54%
ASX 200
5,820.70
-116.50
-1.96%
-2.16%
Data for week commencing 19 March 2018

Wall Street was up on President Trump signing a US$1.3 trillion spending bill, which he said he would never do again but the tariff story came back to haunt stock players with a China official not ruling out ceasing to buy US Treasuries as payback for the proposed $US50 billion slug on Chinese imports.

And this is on top of 128 US products that China has put on its blacklist, if Donald goes ahead with his tariffs! This has to explain why a lot of US listed companies’ share prices have fallen and it’s not great news for our stock market either.