"If anyone had doubts that trade was the thing hanging over the market, today seals it," said Bill Stone, chief investment officer with Avalon Investment & Advisory. Tariffs on popular consumer goods like clothing, shoes, computers, and cell phones cause higher prices. Even Trump admitted that yesterday. Higher prices cause inflation. Inflation causes less demand. Less demand causes unemployment. Tariffs cause recession, Econ 101. When Americans suffer investment losses it causes permanent loss of principle, fourth grade math. Millions of Americans permanently lost more of their principle in investment accounts today. As things stand now, the Dow has lost over 575 points, the Nasdaq over 200 points, and the S&P over 65 points. The reason: Stocks plunged on Wednesday, giving back Tuesday’s solid gains, after the U.S. bond market flashed a troubling signal about the U.S. economy, a recession warning. There have been five such warnings of the 2-year and 10-year yields since 1978 and all were precursors to a recession. Dow tanks 800 points in worst day of 2019 after bond market sends recession warning Today, the Dow is at 25,690. On March 15, the Dow was 25,440. Because of Trump's trade war with China, the market has been treading water for five months. Stock Market News For Feb 15, 2019 I have been a student of current political history for over a half century, and I am a retired columnist. Never in my 50 years have I seen a U.S. President repeatedly harm our economy and cause investment losses. The current President is doing that very thing. The past three weeks prove it. We are reminded that Trump was Putin's personal choice to become our President.