This week, the stock market yo-yoed wildly, taking investors on a roller coaster of stunning lows and sudden highs. Rarely has investment been so gut-churning. And the reason for the turbulence is obvious: the Trump administration’s continuing mixed signals over its trade war.
When that trade war was first announced on April 2 (“Liberation Day”) the Dow Jones Industrial Average immediately plummeted nearly 4%; the day after, 5.5%. After President Donald Trump put a hold on the vast majority of tariffs the following week, it recovered nearly 8%. The following day, as markets realized that Trump would retain massive tariffs on China and highly elevated tariffs on many of our allies, it dropped again 2.5%.
The Dow Jones Industrial Average remained volatile but close to even for a few days. And then to open this week, it dropped almost 2.5% again, thanks to Trump’s…
