$1.2 trillion in stock market value lost so far from trade war sell-off with more expected
“Large cap stocks, or those in the S&P 500, have now lost $1.2 trillion since President Donald Trump surprised markets with the May 5 weekend tweets that said he was thinking of raising tariffs on Chinese goods. As China retaliated against the latest U.S. tariffs Monday, the Dow and S&P 500 were both down more than 2% and investors fled to bonds and other safe haven trades like gold.”
USAGOLD note: It’s that part about more losses being expected that will keep the bulls up nights. Some bulls have become the bears but they are still small in number. The increase in demand for gold we are seeing now is miniscule compared to what it could be.