The US equities markets sharply reversed the positive trend seen over the previous two sessions, primarily due to the FOMC’s statements which remained mostly hawkish. Also, the Trump Administration signaled the desire to levy $100B in additional sanctions on China, sparking renewed fears of a trade war. Adding to this bearish pressure, it Facebook continues to face regulatory and social pressure as media has reported that the company was in advanced negotiations with hospitals to share anonymized patient data. Also, regulators globally have upped their pressure against Facebook, with several probing the data sharing practices of the company for evidence of illegal activities. With all of this pressure on the markets, the Dow index plunged over 700 points in intraday trading. Here is what to expect.