Analysts anticipate large ‘financial wipeout’ as major hedge funds close or report losses | Daily Mail Online

S&P 500 fell as much as 2.5 percent closing at its lowest level in more than a year
Stocks tanked amid growing concerns that the Federal Reserve’s plan to raise interest rates could be too much for the economy and stock market to handle
The price of oil closed below $50 a barrel for the first time since October 2017 
Analysts believe hundreds of hedge funds could be shuttered by the end of 2019
President Trump cited low inflation and ‘outside world blowing up’ as reasons to not raise rates 
All the major indexes fell with the Dow Jones Industrial Average losing 507 points, or 2.1 percent, to 23,592, after Trump’s tweet
He later affirmed that he is bailing out farmers for a second time, as part of a $12 billion payment program, just before markets closed

via Analysts anticipate large ‘financial wipeout’ as major hedge funds close or report losses | Daily Mail Online

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