President Trump’s announcement of 100% tariffs on Chinese imports led to a market bloodbath, with the S&P 500 dropping 2.7%, Nasdaq falling 3.6%, and Dow losing 878 points, wiping out nearly $1.5 trillion in U.S. market value. Semiconductors took the biggest hit, plummeting 6.3%, while Bitcoin shed 8.4% and Ethereum lost 5.8%. Despite the selloff, veteran strategist Tom Lee sees it as a healthy shakeout in an ongoing bull cycle. Analysts like Craig Johnson believe the drop was more profit-taking than fear, with buyers ready to jump back in once the dust settles.

Read more at Yahoo Finance: Major analyst drops 5-word take on market pullback