Worried About Your IRA Savings After Trump's First 100 Days in Office? Read This.
Needless to say, President Donald Trump's first 100 days in office have rattled the stock market. The broader benchmark S&P 500 index fell about 8% during Trump's first 100 days, marking the index's worst performance in this time period since the first 100 days of former President Gerald Ford's presidency in 1974. And truthfully, things could have been worse with the index falling close to 20% from highs made in the second half of February. Trump's sweeping tariffs caught the market off guard, and things only recovered after Trump announced a 90-day pause. The odds of a recession have increased, and Trump's tariff saga seems far from over. But if you're worried about your IRA savings, read this first.It's easy to be an investor when the market is rising like it has over the last couple of years. It's the times of turbulence that will test investors. As Trump tries to transform global trade and bring back higher-paying jobs in sectors like manufacturing to America, while negotiating better trade agreements with other countries, investors are largely operating in the dark. Tariffs have never been this high, and Trump is trying to change decades of trade policy seemingly overnight.Image source: Getty Images.Continue reading
Needless to say, President Donald Trump's first 100 days in office have rattled the stock market. The broader benchmark S&P 500 index fell about 8% during Trump's first 100 days, marking the index's worst performance in this time period since the first 100 days of former President Gerald Ford's presidency in 1974. And truthfully, things could have been worse with the index falling close to 20% from highs made in the second half of February. Trump's sweeping tariffs caught the market off guard, and things only recovered after Trump announced a 90-day pause. The odds of a recession have increased, and Trump's tariff saga seems far from over. But if you're worried about your IRA savings, read this first.
It's easy to be an investor when the market is rising like it has over the last couple of years. It's the times of turbulence that will test investors. As Trump tries to transform global trade and bring back higher-paying jobs in sectors like manufacturing to America, while negotiating better trade agreements with other countries, investors are largely operating in the dark. Tariffs have never been this high, and Trump is trying to change decades of trade policy seemingly overnight.
Image source: Getty Images.
