China to impose 34% retaliatory tariff on all goods imported from the U.S.

[progree]

12. Yup, a correction is almost a certainty today in the DOW. I'm more focussed on bear market. Won't happen today

might take a few more market days... (For thread readers who don't know - a bear market happens in an index when it goes down by 20% or more from a recent high -- the Russell 2000 small cap index, probably the 4th most cited U.S. index after the Dow, S&P 500, and NASDAQ -- entered bear market territory yesterday.

I don't know if we're going to get a back and forth with some tariffs on some countries being relaxed, and the market goes up, followed by some tough talk and retaliatory tariffs and the market goes down ... so I'm expecting a few up days along with many down days.

I don't expect a bad jobs report, given that the survey week was around March 12, and given the low unemployment insurance claims numbers (I know that the jobs report unemployment rate is a different animal)... but we'll see when you issue your report in less than 45 minutes and then sort it out.

investing.com - Dow & S&P 500 futures down 3.5% now (Dow down 1400 points) 752 AM ET