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US stocks are dangerously close to the bad old days

Preeti Varathan
US stocks are dangerously close to the bad old days

Fears over Donald Trump’s tariffs seem to have sent markets tumbling toward their next “correction”—the term economists and traders like to use to describe a 10% or higher decline from a stock index’s most recent peak. We haven’t been in this territory since Feb. 8. A whole six weeks ago. As of today (March 22),…