Stocks, Bonds and Mutual Funds, Not Great
Trump and his tariffs have taken a bull stock market and are on the precipice of turning it into a bear faster than any president has overseen in modern history. If the stock market closes in bear territory – a drop of 20% from a recent peak – it would be the earliest in a new administration a bull market has turned into a bear in the history of the S&P 500, which dates back to 1957.
These same tariffs may also take a booming economy and turn it into a recession.
The S&P 500 had lost 15% of its value since Inauguration Day as of Sunday night. And that doesn’t even count the massive losses set for Monday’s opening bell.
The only similar drop for an elected president so quickly into his presidency was under George W. Bush in 2001. By Harry Enten and Matt Egan, CNN)
The market volatility is unlike anything that has been experienced since Covid shut the stock market down 5 years ago. The trillions of dollars wiped out have been detrimental to the retirement nest eggs of millions of people across the political spectrum and will have long lasting effects on their future plans. The extend of the wipe out was not expected and turning back will not be easy at this point.
