Uncertainty reigns even as markets rebound
With this sudden announcement, the NASDAQ Composite Index posted its largest one-day gain since January 2001 of 12.6% while the bellwether S&P 500 Index leapt 9.5% for its third-largest gain since World War II....It has been a volatile week for the stock market as President Trump unleashed his “Liberation Day” raft of tariffs on more than 180 countries.
Just last week, the Straits Times Index (SGX: ^STI), or STI, plunged 7.5% in a brutal sell-off as investors digested the news.
However, in a stunning about-turn, Trump now announced a 90-day pause in the implementation of these tariffs and also announced a substantially lower reciprocal tariff rate of 10%.
However, the US kept up the pressure on China and said that it would raise tariffs there from 104% to 125%.
There could be more twists and turns in this saga as the situation remains fluid.
As an investor, how should you position your portfolio to guard against the wild swings?
