What Trump is trying to do — and why he will probably fail
🔸 Plus: Crisis in the art market 🔸 The market for Bitcoin is largely driven by one company 🔸 Free money alert 🔸
Your 2-minute guide to demystifying money and making you richer
The markets, year-to-date
S&P 500: 5,638.94 ⬇️ -4.13%
FTSE 100: 8,632.33 ⬆️ 4.51%
Bitcoin: $84,330.08 ⬇️ -9.79%
GBP to USD: $1.2943 ⬆️ 3.4%
GBP to EUR: €1.1850 ⬇️ -2%
(As of Friday market close.)
What Trump is trying to do
If you’ve got money invested in stocks (in your pension, ISA, or SIPP) you’ve had a rough week. The S&P 500 index of big U.S. companies fell 10% from its peak in February and entered “correction” territory, which is the technical term describing what happens when investors think stocks are wildly overpriced.
Losing 10% of your invested savings will never feel good. But, as we reminded you last week, we’re in this for the long run. Years and years. Stocks go up and down. Only idiots sell when there is drama in the markets. If anything, you should be buying as prices decline.
This drama, of course, is being generated by one man: Donald Trump. His obsession with tariffs has spoo…