Billionaire investor Jim Mellon: This is the start of a ‘very major’ correction
June 19, 2018 at 10:30 AM EDT
The Dow Jones Industrial Average opened Tuesday’s session with a stinging retreat that Wall Street experts are pinning to the White House’s freshly announced trade tariffs. Billionaire investor Jim Mellon, chairman of asset management firm Burnbrae Group, says it’s more than that, and the pain is just beginning.