I am sure that I’m not the only one who has been looking at the value of their retirement savings lately. Investments in the stock market has been going up and down like a yo-yo ever since Donald Trump began his follow up presidency. We have days of the Dow Jones going up and down 1000 points in the same week.
The downward plunge began when Trump started his tariffs insanity. The penguins on Heard Island raised a flap when they found out that they were not immune to the insanity. Over the next few weeks, the stock market shot up and shut down like a yo-yo based on Trump’s announcements on whether more tariffs would be applied or taken off the table.
Then Trump started a war with Jerome Powell, head of the federal reserve. Of course the stock market took a nose dive. Now over the past two days the stock market is shooting up like a squirrel with rabies. This is based on the fact that the treasury secretary said that the tariffs with China is unsustainable. Also, Trump is backtracking on the statement that he wanted to fire Jerome Powell.
After all of this, the stock market is down about three or 4000 points since the tariff insanity started. I would hate to be an investment manager right now.
Nobody, and I mean, nobody, knows what the stock market will do tomorrow. Take a break from looking at your investments is the best advice right now.
That’s all I have for today.