Stocks erase massive gains to end deep in the red on eve of reciprocal tariffs
The stock market’s recovery off the lows on Monday and early gains on Tuesday was a story of traders hoping and looking for off-ramps from reciprocal tariffs slated to go into effect at midnight. On Tuesday afternoon, the tale of the tape was traders driving in reverse on that off-ramp to create a major wreck on the highway.
The catalyst? Confirmation that the White House is going through with 104% tariffs on…
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