Stocks May Be Down, But They Aren’t Out – At Least Not Yet
August 25, 2019 at 12:12 PM EDT
Investors did a good job of wiping out about $700 billion in market cap from the S&P 500 on Friday. I’m not sure what the correct multiple should be for what amounts to roughly $165 billion in tariffs per year. The sell-off seems overdone to me.