Wealth managers weigh options after Trump's 90 day tariff pause
ARTICLE SUMMARY
President Trump announced a 90-day pause on his highest tariffs (except for China), causing the S&P 500 to surge 9.5%, the Nasdaq to jump 12%, and the Dow to rise nearly 8% - just a week after his initial "Liberation Day" tariff announcement had triggered a 14% market selloff.
Financial advisors are weighing how to navigate the 90-day window, with some anticipating continued volatility as Andrew Mescon notes: "uncertainty remains the defining characteristic of this current market environment."
Mescon recommends buffered ETFs for risk mitigation, explaining: "In practice, we have been layering these securities into our client strategies over the past six months in anticipation of a potential correction of sorts, so it's actually an asset class that most of our clients are already familiar with."
The extreme market volatility reflects information gaps according to Mescon: "That we have seen some of the widest daily swings in price movement since April 2nd is essentially the market screaming that it does not have enough information to know which direction it should be going."