The American markets have eliminated all their post-electoral gains while the actions deepen their sale with new prices in Canada, Mexico and China now officially in force.
The S&P 500 (^ GSPC) has erased about 3.3 billions of market capitalization Since his closing record of 6,144.15 on February 19. At that time, post-electoral gains from the reference index oscillated only 6%.
Since the beginning of 2025, the S&P 500 has been down approximately 2% while the NASDAQ composite (^ ixixe) has been in the event of almost 6% and is currently flirting with a correction territory, on the right track to close 10% reduction on its record. The blue chip (^ dji) is barely traded in green for the year.
From 14:33:04 HNE. Market open.
^ Dji ^ GSPC ^ Ixic
Only a few months ago, the actions exchanged coherent records when Donald Trump’s presidential victory fueled the bullish euphoria of Wall Street in the hopes of pro-enterprises and lower taxes.
Flash forward today, and that Euphoria has almost evaporated while Trump’s prices arouse fears of growth while inflation remains stubbornly high.
“Many key trends in the financial markets from the immediate perspective and follow -up of the US elections last November blocked or partly reversed since President Trump took office last month,” said Jonas Goltermann, chief economist in the capital markets, in a note last week.
“Since then, the yields of the US Treasury have dropped, the curve of the 2-10s has flattened, American actions have struggled both in absolute terms and compared to those elsewhere, and the dollar has dropped,” he said. “In other words, the story of” Trump Trade “which has dominated many markets in the fourth quarter is wading.”
