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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