Strategist: stock market crash not directly linked to tariffs
Dhaval Joshi, chief strategist at Bca Research, said the sell-off was concentrated in AI stocks and there is no direct link between the sell-off in the stock market and the tariffs. Because if it was a direct link, then retailer stocks should have done badly. So it's like an excuse or a catalyst to sell very expensive stocks. The U.S. stock market is an expensive market, it just needed a catalyst to get investors to start selling.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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