Veteran fund manager who correctly forecast stocks' drop and pop sends blunt 6-word message on what’s next
Here's what could happen to the S&P 500.
The stock market has been on a wild ride in April.
It came into the month already struggling, but President Trump’s trade war has put investors on a roller coaster ride. After announcing widespread tariffs on April 2, so-called Liberation Day, the S&P 500 and Nasdaq tumbled, falling 12% and 13% through April 8. Then, a partial about-face kicked off optimism that the trade war wouldn’t be long-lasting, sparking a rally that’s since lifted the two major indexes by 9% and 11%.
