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Isn't Trump great?? Hasn't he been just fabulous for the economy? :lol::lol::lol:
“We’ve enjoyed low interest rates for so long, we’re having to deal with a little bit higher rates now, so the market is trying to figure out what that could mean for inflation,” said Darrell Cronk, head of the Wells Fargo Investment Institute.
The sharp decline in stocks last week short-circuited a robust start to the year that was spurred by strong global economic growth, solid company earnings and lingering enthusiasm for the GOP tax overhaul. Even with the pullback, the major indexes are still up more than 3 percent this year.
U.S. employers added a robust 200,000 jobs in January, slightly above market expectations for an 185,000 increase. Meanwhile wages rose sharply, suggesting employers are competing more fiercely for workers. The figures point to an economy on strong footing even in its ninth year of expansion, fueled by global economic growth and healthy consumer spending at home.
DON’T FREAK OUT:*Some people will panic on Monday and begin selling their stocks. Economists remain bullish on growth in the market and investors say people should not overcorrect because of what happen on Friday. A correction has been predicted for months.
RALLIES START SOON:*Market bottoms and the starts of rallies are often within days of each other. Investors Daily reported that 2015 was a prime example. Aug. 24 was the worst day (of the summer downturn). The market lost 4% that day alone. But Aug. 26 was one of the best days. Even if you managed to get out before the 24th, chances are you didn’t get back in for the 26th.” The price of guessing wrong is that your returns suffer compared with how you would have done if you had simply hung tough. Six of the 10 single best days in the market between Jan. 2, 1996, and Dec. 31, 2015, occurred within two weeks of the worst days, according to J.P. Morgan.
U.S. stocks dropped on Friday, and the market suffered its worst week in two years, as fears of inflation and disappointing quarterly results from technology and energy giants spooked investors. The Dow Jones industrial average dropped by more than 650 points.
Bond yields rose and contributed to the stock market swoon after the government reported that wages grew last month at the fastest pace in eight years. The Dow had its worst decline since June 2016, while the broader Standard & Poor’s 500 index had its biggest one-day percentage drop since September 2016.
Even though Friday’s point drop was scary, the percentage decline wasn’t. At 2.5%, it wasn’t even close to the record, a 22.6% rout on Black Monday in 1987.
Stocks were also under pressure on Friday as crude oil prices plunged. West Texas Intermediate futures fell more than 6 percent to $51.03 per barrel, reaching their lowest level of the year.
"Tech stocks are under pressure once again but more troubling is that oil prices are collapsing," said Peter Cardillo, chief market economist at Spartan Capital Securities. "Lower oil prices are not a good sight for the economy."
"OPEC has indicated they're going to cut [production], but that's not helping. That's a bad sign," said Cardillo.
The drop sent the Energy Select Sector SPDR Fund (XLE) — which tracks the S&P 500 energy sector — down more than 3.1 percent. Shares of Concho Resources, EOG Resources and Devon Energy were among the biggest decliners in the XLE.
Yes, the stock market crash is due to Trump :faint:9
The market likes social stability haha 
