The Trump slump (and what to do about it)
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The markets, year-to-date
S&P 500: 5,770.20 ⬇️ 1.89%
FTSE 100: 8,679.88 ⬆️ 5.08%
Bitcoin: $86,070.69 ⬇️ 7.91%
GBP to USD: $1.2911 ⬆️ 3.14%
GBP to EUR: €1.1922 ⬆️ 1.41%
(As of Friday market close.)
Take your lumps as stocks slump because of Trump
Donald Trump’s effect on the stock market has been a terrifying rollercoaster so far. In late February, the S&P 500 hit a record high. The index then lost all its gains since Trump was elected. The Nasdaq Composite (tech stocks) is down 10% from its high — that’s officially in “correction” territory. The Magnificent 7 stocks that drove so many of those gains (Microsoft, Apple, Alphabet, Nvidia, Meta, Amazon, and Tesla) are down 12%.
It’s a scary time.
The reader who messaged us a couple of weeks ago to ask whether she should wait to start investing because she was “truly worried about the Trump effect on markets” has been proven right. The Trump effect has been…