Trade War Impacting Wall Street Rally
Monday was another rough day on Wall Street as the ongoing trade war weighed on stocks. The Dow dropped 617 points and closed below Friday’s low. The NASDAQ was down 3.4% on the day. The Russell 2000 was also off by more than 3%.
In his podcast Monday evening, Peter Schiff said he thinks the bear market rally is over.
“Long live the bear market. This bear market rally is dead. We are going a lot lower.”
China announced it will impose higher tariffs on most US imports on a revised $60 billion target list. On