The US retail index recorded the largest decline since Trump's tariff day
2025-11-04 22:22:52
Tuesday was the worst day for short-term traders who flocked to the hottest stocks since April's chaos was sparked by Mr. Trump's trade war. The sell-off was particularly hard on The Retail Favorites Index, a Goldman Sachs index of a basket of stocks heavily held by lay traders that includes Palantir, Tesla and others, after Palantir posted disappointing earnings and Michael Berry, the prototype of The Big Short, revealed that he was short the stock and Nvidia. That, combined with bitcoin's plunge adding to pressure on individual investors, sent the index down 3.6 percent, about three times the S & P 500's decline and its biggest drop since April 10, when stocks plunged on fears of Trump's tariff moves.
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