Trump Tariffs Raise Recession Worries

Trump Tariffs Raise Recession Worries

After 6 months of steady gains that took the NASDAQ and S&P 500 to new record highs in late April , we’ve had two and half weeks of sharp declines.  Peak to yesterday’s trough was 5% in the S&P 500 and 7% in the NASDAQ.  Stocks are recovering somewhat today. YTD the S&P 500 is up 14.5% and the NASDAQ is up 17.3%.  Several clients have called or emailed to learn if there is reason for concern.

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High net worth families still "scared to death" of stocks

High net worth families still "scared to death" of stocks

US stocks approached the March 16th levels that marked the YTD low, and also the start of year values. Given that stocks peaked 6 weeks earlier with a YTD rise of 9.0%, our clients have called wondering if this slide marked the start of another financial meltdown.

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