Good morning. Greg McKenna filling in for Sheryl. Last week, I spent a lot of time at the Bloomberg Invest summit listening to business leaders like Carlyle CEO Harvey Schwartz and Blackstone COO Jonathan Gray respond to questions about markets plunging amid President Donald Trump’s on-again, off-again tariff threats, particularly with Mexico and Canada.
The sell-off has continued this week. At Tuesday’s close, the S&P 500 finished down 9.3% from the index’s all-time high in mid-February, while the Nasdaq Composite has fallen 13% in that span. Wall Street considers a 10% drop to be correction territory.
