In deep red, the key indicators of the US stock market on Monday is moving, as US President Donald Trump’s refusal to say whether the tariff policy could lead the US economy to a recession terrified investors.

In particular, the industrial index Dow Jones records Fall over 500 points or 1.21%the broader S&P 500 loses over 2%while the artistic Nasdaq notes ‘dip’ of his class 3.3%. Reduce more than 1% records the indicator of small capitalization Russell 2000.

The reason for today’s sell-off, expanding the losses recorded by US indicators last week, was Donald Trump’s statement that the US economy is in “a transitional period” and most importantly his refusal to answer if he expects the economy to enter a recession.

“I hate to make predictions about such things. We are in a transitional period, because what we are doing is too big, “the US president said to answer a question by Fox News.

Trump’s attitude terrified investors because analysts explain, “the Trump government seems to accept the idea that it is not a problem for the market to fall and that it is ok even with a possible recession in order to achieve its broader goals.”

‘I think this is a one Strong bell awakening for Wall Street. There was a sense that President Trump somehow put the performance of the stock market as an indicator of his success, and I think we now see that this is not the case, so the market is starting to reflect this reality, “says Ross Mifield, a strategic investment in Baird.

The fear of recession has also hit other risky assets, such as cryptocurrencies. Bitcoin fell 3.8% on Monday and now loses the level of $ 80,000, while Ether is losing 1.4%.