Mar 10 Recession fears tank stocks

$GFS $F $ORCL

Market

“The fears that we might have a recession in the next quarter or two dramatically increased with the higher tariffs for longer plan by the administration” 👹 😦 

All 3 indices were lower by over 2-4%. Markets tanked on recession fears, but more about high valuations than anything else. This was a much needed correction, as I have been mentioning for the last 5 weeks - sell into strength. It is hard to pinpoint the place or level where it might reverse. I am not making any major buys yet.

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