Recent tariffs imposed on Canada, Mexico, and China have led to a steep decline in major stock indices including the Dow, NASDAQ, and S&P 500. Moody's warns that these tariffs could induce higher inflation, ultimately stifling economic growth. Tesla's shares have also plunged significantly, breaking through critical support levels. Meanwhile, MicroStrategy has seen a substantial decline, reflecting broader market volatility. Concerns are rising over Bitcoin's impact on MicroStrategy’s performance as it continues to drop. These factors combined suggest an increasingly unstable market environment.
All thanks to new tariffs on Canada, Mexico, and China, fears of higher inflation are rising, with tariffs potentially choking the economy, according to Moody's.
Since mid-February, shares of Tesla dropped from about $367 to a low of $272.77, with no support seen until $238.88 after breaking through its 200-day moving average.
MicroStrategy's shares are down 41% since January, falling significantly from a peak of $404.42 due to declining Bitcoin prices and market uncertainties.
With Tesla's China-made electric vehicles seeing a 49.2% drop in sales and a 'buyer's strike' as per Morgan Stanley, the company's market position appears compromised.
Collection
[
|
...
]