The article discusses the economic uncertainty under President Trump's administration amid market corrections and shifting strategies. Following a 2% drop in the Dow and a 4% drop in Nasdaq, concerns are raised about Trump's tariffs and their impact on the economy. The 'Magnificent 7' stocks have contributed significantly to recent market gains, but their overpricing is causing declines. The piece emphasizes ongoing economic transitions influenced by factors like past recessions, government deficits, and Federal Reserve policies, ultimately questioning the sustainability of current growth amid these challenges.
markets are nervous over Trump's tariffs; that the kick-in is on-again/off-again adds to the uncertainty (which traders really hate)
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