The S&P 500 has broken below a major support level, signaling a possible change in market direction

The stock market's probably going to trade a little bit lower before we see some sort of a meaningful rebound,

Wren said

We are starting to shift more toward a downtrend,

said Adam Turnquist, chief technical strategist for LPL Financial

The back and forth on tariff announcements is playing havoc with consumer and business confidence,

equity strategists at HSBC said in a note

I don't see it at all."

On Tuesday Trump's take on a possible recession was

It's clearly this disruptive, destructive – if I should say so – up-and-down trade policy that has really worried the market and sowed uncertainty among consumers and businesses,

he continued

What are we saying? We're going to bring 100,000 manufacturing jobs back to the United States and tank the stock market by $20 trillion in the meantime?"

he added

Even if the tariffs lead to inflation and economic deterioration, President Trump is likely to place the blame squarely on former President Biden rather than acknowledge any shortcomings in his own economic policies,

Mr. Kiuchi wrote

Our base case remains that the Trump administration’s aggressive stance on trade will weigh on growth, but not so much as to drive the U.S. into recession,

the UBS analysts said

Over the coming weeks, we expect further volatility and potential weakness in equity markets,

analysts at the Swiss bank UBS noted on Tuesday

The focus will remain on the broader economic concern that spurred yesterday’s huge risk-off trade,

John Canavan, the lead U.S. analyst at Oxford Economics, said in a note on Tuesday

These factors collectively help mitigate the headwinds arising from the Trump administration’s news flows,

he said

We continue to believe BRK's shares are an attractive stock in an uncertain macro environment, while insurance fundamentals remain strong and with good margin visibility,

said UBS after Berkshires' earnings last month

The industry has defensive qualities with recurring and predictable revenue streams,

wrote Deutsche Bank in a favorable note on the waste industry last year

Peak-to-trough MSW (Municipal Solid Waste) generation declined under 5% during the Great Recession,

stated the Deutsche Bank note, which pointed out the waste stocks outperformed the S & P 500 by a large margin from 2007 to 2009.

Often, nothing looks compelling; very infrequently we find ourselves knee-deep in opportunities."

Buffett sort of gave a nod to the lack of values out there in his annual letter last month

Committing to a consistent, ordinary dividend sends a positive signal to the market, conveys management's confidence in the business, and opens the stock to income oriented investors, ... while special dividends are a bonus – implying optimism attributable to M & A synergies, secular tailwinds and/or an extraordinary series of events."

Castagno wrote

Dividends can help reduce volatility in a time of greater uncertainty and geopolitical risks,

wrote Todd Castagno, a strategist for Morgan Stanley

Its underwriting profitability and [return on equity] are excellent, but it is difficult in an increasingly competitive market to maintain those returns,

he said

You're seeing the market more or less whiplash,

based on what Trump says day to day ... said Boneparth, who is also a member of CNBC's Financial Advisor Council

The only thing that makes sense is for Canada to become our cherished Fifty First State,

Trump said, while announcing his latest upping of the ante in his trade war