Asian Markets Plunge After Wall St Debacle

[Tobin S.]

8. The stock market usually reacts negatively to rate increases from the Fed

but it's normally a short lived kind of thing, I think. But you couple it with Trump's trade war with China, and you might have the recipe for a longer term slide.

The Dow has actually been stagnant the entire year. Before the loss yesterday it was showing a 2% gain for the year. That got wiped out in one day, and things aren't improving today. If the stock market is an indication of where the economy is headed, it might be slowing down in the near future.