In the last few days, both forms of fear have fallen in the market.
On Tuesday, the shares went to retailer Target down by more than 10 percent, on concerns about rising costs – from increased wages at higher prices to Chinese goods that are subject to tariffs – may continue to shrink profits. Investors also dumped shares of Kohl and TJX, the owner of T.J. Maxx, who both saw shipping costs eat in earnings.
Apple continued its slide on concerns to lower demand. The technology giant dropped 4.8 percent after stock analysts Goldman Sachs cut its price target, referring to worsened demand, especially in China.
Oil prices have gone despite signs that major manufacturers like Saudi Arabia are considering cutting production. And it has reinforced the concerns that China and the rest of the world economy may be in a weaker place than markets realized.
Last quarter, China's growth rose to its lowest level since 2009, during the global financial crisis. Japan, the world's third largest economy, looks also shaken, with the economy falling in the third quarter, partly due to a decline in trade and investment.
Germany, the power plant behind Europe, also shrank unexpectedly in the third quarter as trade slumped and car production faltered. If Germany stumbles, it will add to the economic and political turmoil in a region that already has to do with Britain's chaotic output from the EU and Italy's budget quota with the block.
In 2018, the US economy was largely immune to such problems. But the global decline may eventually spill into the US, especially as the effect of this year's tax evasion will disappear in the coming years. Economists expect domestic growth, which is close to 3 percent this year, to slow to 2 percent by 2020, according to estimates published by FactSet.