The Tariff Tantrim

As I write this post, the temperature of tariff threats rise (as well as other threats) and the Dow Jones Industrial Average falls! The Dow is having another Tariff Tantrum!

Source: Yahoo Finance, yahoo.com.

The Dow as of approximately 3 PM this afternoon is down 378 points or 1.72% at 25398, nearly 500 points below last Friday's near 25900 close. Likewise, broader indexes are all down in lockstep: The S&P 500 down 1.7%, NASDAQ down 2.05%, the Russell 2000 down 2.28% and the Bloomberg Commodity Index is off a mere 1.25%!

Despite the strum and drang of today's headlines, this again may be ANOTHER chance to BUY THE DIP! The year-to-date performance, in my view, paints a much prettier picture.

S&P500 = S&P 500 Stock Index

DJIA=Dow Jones Industrial Average

NASDQ=NASDAQ Composite Index

RU2000=Russell 2000 Index

BCOM=Bloomberg Commodity Index

Source: Yahoo Finance historical "adjusted close".

Even with this most recent down move, about -5% month-to-date, indexes are still up +8% to +13% for the year.  The exception being the commodity index which is only +1.5% up on the year. 

It's still too early, if ever, to give up on the market!

Feel free to post comments.

Disclaimer: Posts are for education only and not investment advice, may be subject to change without notice, and, while prepared with care, may be subject to omissions and errors.