Looks like the tariffs are working,
Stocks make a monster comeback, Dow rallies more than 700 points from lows of the day
- The Dow Jones industrial average closed 230.94 points, rallying more than 700 points from its session low.
- Earlier in the session, the major averages fell sharply after China announced new tariffs that target up to $50 billion in U.S. goods, increasing worries that a trade war could take place in the near future.
- "The emotional tape presents investors with a buying opportunity," notes one analyst.
Hey, guess why the stocks turned around.
1) Powell said "QE4 is likely!"
2) White House walked back tariff talk...
Don't take too long now. You get one life-line call to the Skipper of a the Minnow.