Where Data Tells the Story
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The first four months of the new Trump presidency has been the single-worst start to a term for financial markets.
Before the newest pause on tariffs, the S&P 500 had lost 15% of its value since January, the most for a new term since the exchange opened in 1957.
However, as the White House reinstated yet another pause on its earlier announced tariffs, markets regained some of its lost ground. (It’s still down 7% YTD as of writing this post).
With more than half of the American population invested, this turbulent ride is being widely felt.