Liberation Day: Good, Bad, Scary? Donald Trump’s on-again, off-again trade war whipsawed financial markets in March, triggering an end-of-the-month sell-off on Wall Street. As I write these words, the S&P 500 has lost over 6.0% for the month and the Nasdaq is down nearly 9.0%. The Dow Industrials suffered the least, but the stalwart index of blue-chip companies is still off more than 4.0%.
It’s been a mixed bag for the strategies, with Bond Bulls, Global Trader and The 12% Solution holding up relatively well, and the more aggressive strategies (Five Stocks, White Knuckle and American Muscle) taking it on the chin. Of note, while Five Stocks largely holds on to powerhouse names and rides out short-term storms, the Knuckles and the Muscles are positioning themselves for more trouble ahead with larger stakes in U.S. Treasuries.
It’s been a mixed bag for the strategies, with Bond Bulls, Global Trader and The 12% Solution holding up relatively well, and the more aggressive strategies (Five Stocks, White Knuckle and American Muscle) taking it on the chin. Of note, while Five Stocks largely holds on to powerhouse names and rides out short-term storms, the Knuckles and the Muscles are positioning themselves for more trouble ahead with larger stakes in U.S. Treasuries.
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