Risk-off sentiment dominated Wall Street on Friday, with selling pressure in AI-linked names intensifying and pushing technology stocks toward their worst week since April.
Krugman criticized the Trump administration’s tariff policy for hurting 90 years of efforts that went into U.S. trade liberalization and violating international agreements.
Dalio’s comments come at a time when the Fed has announced that it will halt its QT program on December 1, with its balance sheet currently standing at approximately $7 trillion.
After a brief and cautious rebound on Wednesday, risk-off sentiment returned sharply on Thursday, with AI-linked stocks leading a broad selloff across Wall Street and renewed pressure hitting crypto markets.
Wall Street bounced back Wednesday after Tuesday's sharp selloff in AI-driven stocks, as investors bought the dip amid solid corporate earnings and growing signs that the Federal Reserve may be nearing another interest rate cut.
