Failed expectations = markets falling

As it was expected, the Federal Reserve System cut interest rates by 0,25%. But why did the market fall? Was it only because a group of investors expected 0,50% lowering?

Well, in reality, there are multiple addional reasons that we have to take into account:

1) global economy continues to slow down (just look at Pmi manufacture data)
2) we are still in the earning release time. Some companies are overperformed, meanwhile other underperformed
3) Despite the fact that the United States and China formally agree to restart trade talks at the G20 meeting in Osaka, yesterday Trump announced 10% tariffs on $300 billion worth of Chinese imports, in addition to the 25% already levied on $250 billion worth of Chinese goods. The reason is that China had not followed through on a promise to buy more U.S. farm products.

Let´s see what is going to happen next...