US stocks were sharply lower Friday as investors digested souring consumer sentiment and inflation data that showed an uptick in one of the Federal Reserve’s key gauges, underscoring the delicate state of the economy as businesses brace for President Donald Trump’s tariffs.
The Dow tumbled 750 points, or 1.77%, on Friday. The broader S&P 500 fell 2.1% and the Nasdaq Composite slid 2.8%.
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Wall Street was also grappling with Trump’s announcement on Wednesday of 25% tariffs on all cars shipped into the US, set to go into effect April 3. Trump also announced tariffs on car parts like engines and transmissions, set to take effect “no later than May 3,” according to the proclamation he signed.
We have a lot of the same points, but what im trying to drive home is that, “buy low, sell high,” doesnt mean, “buy the lowest, sell the peak.” Markets in correction right now, its generally trending down. Potentially will turn bear market. You dont need to follow daily to know that. Now is as good a time to sell as last week, or the peak. You didnt miss it.
When it goes down more, you dont need to see the bottom. You can wait until it hits recovery or bull market even, and buy back. That point will likely be lower than where you sold even if its not the lowest. You dont need to buy the bottom, but buying lower than you sold is a win.
I agree, especially since interest rates are currently relatively high, it’s quite OK to remain liquid these days.