More than 70% of economists and fund managers blame tariffs for market sell-off.

More than 70% of economists and fund managers are wrong.

The tariffs have had only a minor effect. The real reason for the sell-off is the rise in interest rates, some earnings misses, QE being wound down to some extent and uncertainty related to the Fed. The prospect of all the free money being much more expensive and the unwinding of QE are the real culprits here. Don’t be misled by punditry. If they knew what the hell was going on they’d be trading, not writing articles and making videos.