Wall Street traders have experienced massive losses this week, the largest since the Federal Reserve’s monetary-tightening campaign began in 2023. The causes are multifaceted, including tariffs, slowing economic growth, and a potentially revitalized European market.
The situation has left bulls worried that their brokerage balances will continue to dwindle. Meanwhile, some market watchers are growing increasingly anxious about the implications for the economy as a whole.
Source: https://www.bloomberg.com/news/articles/2025-03-07/misfiring-wall-street-wealth-machine-is-anxious-omen-for-economy