
President Trump's First 100 Days
The S&P 500 plummeted more than 10% over the subsequent three days, and at its lows, the index was down 19% from February record highs. Investor anxiety was through the roof, as retirees watched their relatively secure portfolios get hammered. The President quickly shifted, announced the 90-day pause, and the rollercoaster shifted in the opposite direction.
The market has recovered with the S&P 500 and Nasdaq 100 now positive for the year. A constructive trade deal with the United Kingdom and advanced conversations with China on lowering tariffs have also bolstered investor confidence. But it would behoove the President to take into consideration the long-term effects of elevated tariffs. His base support is seeking economic security.