Good morning,
You’re seeing nothing but red across the stock markets right now.
You might be wondering - What just happened in the last 24 hours?
I’ll level with you.
The stock market is facing levels of selling that I haven’t seen in a long time.
Yesterday, President Trump announced new tariffs on imported goods. We knew this was going to happen yesterday. But the message wasn’t what the market expected.
First, what are tariffs?
Tariffs are basically taxes on goods coming into our country from other countries.
When tariffs increase, imported products become more expensive for Americans.
But they’re designed to ensure that local companies in a country can compete with cheaper goods from abroad. This is a form of “protectionism.”
After the market closed yesterday, Trump announced two sets of tariff changes:
1. A basic 10% tariff on ALL imported goods. This will start on April 4 at midnight.
2. Much higher "reciprocal tariffs" on specific countries starting on April 8.
Why is the market panicking right now?
The consensus was that the White House would only hit other nations with just a 10% tariff. Markets actually rallied when Trump started speaking.
But then, the President said his plan had much higher tariffs on dozens of countries.
This included 54% on China. The market went into a free fall immediately.
Combine this with stalling support from the Federal Reserve (our central bank), and we’re facing a road much lower on the S&P 500.
This will be a bumpy ride… with lots of price swings along the way.
Now that it’s already in motion - I expect that we’re facing levels of uncertainty that we haven’t seen in five years.
The last think I want is for you to be seeking answers from media outlets and pundits who didn’t foresee this selloff and problems weeks ago.
But we’ve consistently had warnings and trading outlooks since these problems started in February.
Right off the bat.
We’ll do a Q&A in our chat.
I’ll answer your questions about where we go from here, the best ways to trade in this environment, and where opportunities will emerge as trade policy reshapes America.
I’m constantly trying to prevent crisis in anyone’s portfolio…
I’m very defensive as a trader and investor. I played goalie in every sport growing up because I liked being the last line of defense, and I take the same approach here.
I genuinely hate when retail investors are stuck holding the bag in a market.
So, if you’re looking for answers, join me live at 8:45 am ET.
We’ll treat this session with the seriousness that it deserves…
Stay positive,
Garrett Baldwin