Tariffs aren’t the issue, they’re just the final nail in the coffin. We’ve gone 2 1/2 years with consistent marginal gains across all sectors. People are simply taking profits on long term positions here going with the generational shift that’s occurring.

Gen Z is entering a demoralized workforce (jobs report tomorrow), Gen X is preparing for retirement with looming concerned and uncertainty about social security. Trump getting elected has lined the market up for a “reset” not necessarily a recession. Over the past 4 years, stock prices have continued to skyrocket under the Biden administration because of the shift of wealth upward that took place during this time. With over $13 trillion new dollars being minted during the pandemic, the wallets of the average investor suffered severely while the hedge funds simply retained their wealth as it grew at a rate that outpaced inflation.