Beyond Trump’s Tariffs: A Deeper Threat Looms for Wall Street
Wall Street's remarkable rally faces a hidden challenge that eclipses even the uncertainty of presidential tariffs. The S&P 500's 5% two-day April plunge—its fifth-worst drop in 75 years—and subsequent record highs mask underlying fragility. While markets fixate on trade policy volatility, systemic risks lurk beneath the surface.
Equities now dance on a knife's edge. The Nasdaq Composite and S&P 500 continue their ascent, with the Dow Jones Industrial Average nearing its December peak. But this wealth-creation engine may be running on fumes. The real danger isn't tariffs—it's the unseen structural pressures building in global markets.