Photo: Moment RF
Leftists and the mainstream media continue to freak out over the stock market, which has dipped in response to Trump's tariffs. So, does this really signal oncoming economic doom? Despite what you may have heard, this isn't the end of the world.
The reality is, this is something we've seen before, and the market will likely rise again soon. Certified Financial Planner Richard Rosso says, "You're down about 6% for the year. A 5-10% portfolio move is the cost of doing business. If you can't handle that, you shouldn't be in the market at all."
He went on to say that if you're a long-term investor with a well-balanced portfolio, now might be a prime time to buy. He said, "This is an opportunity to buy, because the tariff issue will be priced in, possibly overpriced, and then negotiations could follow."
Tariff negotiations have begun with several nations, and others are signaling they're ready to negotiate. Israeli Prime Minister Benjamin Netanyahu sat down with President Trump in the Oval Office yesterday, and even the European Union has hinted that they're ready to negotiate a "zero-for-zero" tariff deal.
So why do we continue to see left-wing mainstream media panic over both the tariffs and the stock market? Rosso says the simple reason is to make Trump look bad. He said, "They are making it sound like it's the end of the world because there's a hidden agenda, and you cannot fall for it. When you look at market downturns on a long-term chart, this is somewhat of a non-event."