By rssfeeds-admin This comes after President Donald Trump announced a 90-day tariff pause for more than 75 trading partners who did not retaliate against his tariffs. Financial Advisor Brian Ullmann of Ford Financial Group says this was the largest one-day jump he’s ever seen.
“It’s almost as if markets have gone back to where they were last Wednesday before the tariffs were announced,” he said.
Within minutes of President Trump’s announcement of a three-month pause and 10% tariffs across the board, excluding China, the stock market started to creep up.
Ullmann puts the financial roller coaster into perspective.
“It was just overnight that the bond markets really started to flounder. And I think that’s what got the administration’s attention and had them rethink this tariff policy and strategy that they have,” he said.
But Ullmann says we’re not in the clear just yet. “It’s impossible to know what’s going to happen tomorrow if we’re going to keep rising or if markets will cool off a little bit.”
And he understands why investors are concerned but advises people not to panic.
“Panic selling is never a sound investment strategy. So I think ideally you want to either work or work with an advisor to figure out what your strategy is, what fits in with your risk tolerance, and kind of map that out and stick with the strategy regardless of what the day-to-day market swings are doing.”
About 30 billion shares were traded, making it the heaviest volume day in Wall Street’s history.
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