NAsdaq nears a 10% correction, with a distinct possibility that the tech heavy index could end up in a bear market, due mostly to Trump's tariffs and the U.S. growth slowing down at a rapid rate, which doesn't mean inflation has abated. Recent reuters poll indicates that inflation will return near term to the American economy.

 

(Chart 1)

It's obvious that Donald Trump is implementing a Far Right theory of economics that has either shocked commentators into silence, or given some economists a thought that he maybe able to pull this off, which is Corporatism.  After a decade of Far Right podcasters waffling on about socialist and marxists taking over America, which was utter delusion, a lot of people bought the narrative, thus Trump now reworking America into his renewed Fascist economic model, which has never worked in history.

The NASDAQ, which is sensitive to both rising yields and interest rates/import tariffs, has fallen over 9.5% in three months since Trump's 2.0 taking back the Oval office and declaring that he will deport immigrants, and bring back all American industries/companies to the U.S., with are both inflationary decrees under Trump's Corporatism banner.

Above chart from Reuters, shows a recent poll indicating near term inflation risks are increasing, as Trump continues the tariff threat to obsessively try and send the Canadian/Mexican economies into a stagflation recession, by suggesting that he could increase tariffs on Canadian goods to 50% from 25%.  In a vain effort of returning the car industry back to America.  Also note that Mexico, according to the poll, will also be hit with high inflation, and of course the U.S. will be be hit double hard with inflation and no growth, for Trump's economic "transition" plan.