Stock market continues to see volatility as Trump continues tariff trade war

NEW ORLEANS (WGNO) — After a severe drop in the stock market last week, major losses continued Monday as President Donald Trump continues to push his tariff trading plan.

One major index, the Dow Jones, dropped 349 points. Another major index, the S&P 500, closed down 0.23% and even briefly entered bear market territory, which occurs when a stock falls 20% from a recent peak.

“We’re definitely in correction territory. 10% or more is correction,” Hedged Private Wealth Registered Investment Advisor Mark Provenzano said.

Provenzano says if you play the stock game, buying low is never a bad move, but waiting for the right time is key.

“We’re looking for some guards for some safety to where we can say, ‘hey we hit the bottom,’ and we continue to rise up. That’s when I would say to start buying. Get confirmation first. Get confirmation for the regular buyer,” Provenzano said.

Provenzano says if you have many more years of investing ahead of you, try to remain calm, as this drop in the market won’t be the last correction you see.

He shared some advice, though, for those who are depending on the stock market for their day-to-day income right now.

“If you’re already in retirement and in the market, I hate to say go to cash, but in times like this you’ve already had a 10% pullback plus in two days, cash is a viable option because no one knows how far we are going to go down,” Provenzano said.

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