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Stocks were down as soon as the futures market opened on Sunday evening, and never looked back. The trade war is in full gear now and we're seeing some of the ramifications. We know we could be a tweet or headline away from a reversal, but barring that, stock prices were being adjusted for the new higher tariffs. The Dow lost 617-points on the day, or 2.38%. The S&P had a similar loss while the more volatile Nasdaq and small caps 3% or more.

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