Dow Drops 1,200 Points, Markets Swing Wildly As Trump Defends Tariffs Amid Recession Fears

Everybody wants an entry point. But those entry points come when your asset value is down 20%,

Helfstein told CNBC

Chronic trade deficits are a national emergency,

he said last Wednesday at a press conference when he announced the new tariffs

They're looking at any dry powder they may have and saying to themselves, 'Well, why do I want to put that at risk for further draw down?'

he said

The stock has likely underperformed YTD given negative sentiment around 45X manufacturing tax credits surviving Republican administration but, even in our base case assuming 45X expires after 2026 (1-year off-ramp), we see less pain for FSLR anyway offset by tariffs, leading to better negotiating power in 2027,

analyst Maheep Mandloi wrote in the note

These factors combine for a still catalyst-rich name, self-funded through ample cash generation and with > $400M in remaining buybacks,

Bellinger wrote

We believe BABA is a defensive play for China's uncertain macro outlook,

analyst James Lee wrote

We expect volatile markets ahead as the pace of tariff-related news flow may not subside anytime soon,

the firm wrote in a note to clients Monday

The market's telling you in plain language: global demand is vanishing, and a global recession is on the cards and coming on fast,

warned Stephen Innes of SPI Asset Management

When there's a crash, I hope it's going to be during this next 12 months because I don't want to be Herbert Hoover,

Trump said in a January 2024 interview

The world has changed, globalization is over and we are now in a new era,

the prime minister's office said in a statement to the Sunday Times

Groceries have become super expensive for a while and I cannot imagine how it will be in the future with all the tariffs,

a PhD candidate at Harvard University told the Global Times on condition of anonymity

As openness and cooperation is the trend of history, the world will not and should not retreat to mutual isolation and division,

the statement said

From global stock markets plummeting to US consumers stocking up, these are the direct effects of the US' unilateral moves, and the outlook for the world economy is bleak due to the unpredictable effects brought by the US new tariff policy,

He Weiwen, a senior fellow at the Center for China and Globalization, told the Global Times on Monday

Has the era of globalization ended? The answer is no,

said Zhou Mi, a senior research fellow at the Chinese Academy of International Trade and Economic Cooperation

It is the shared responsibility of the international community to make economic globalization more open, inclusive, universally beneficial and balanced,

it said

Jim Cramerpresenter

I happen to think Goldman can make money in this [volatile] environment,

said Jim Cramer, who said

We won't rehash all the extreme statistics of last week, but many metrics are at panic levels associated with meaningful bottoms over the past 40 years,

Krinsky wrote to clients in a Sunday note

We don't know if we get there, but if we do, history suggests it holds, at least initially,

Krinsky said

Thomas Mathewsmember of the 9th Parliament of Great Britain

The near-term future of equity prices depends heavily on Donald Trump's whims,

Thomas Mathews, head of Asia Pacific markets at Capital Economics, said in a note to investors

The combination of larger tariffs, greater policy uncertainty, declining business and consumer confidence, and messaging from the administration indicating greater willingness to tolerate near-term economic weakness in pursuit of its policies increase downside risk,

Goldman analysts said in a report