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As US equities (^DJI, ^IXIC, ^GSPC) claw back losses from President Trump's "Liberation Day" tariffs enacted on April 2, is investor sentiment matching what the markets are feeling?
Black Wealth Financial Founder, CEO, and financial advisor Jamilah N. McCluney explains the similarities between investor attitudes to tariffs and the Great Financial Crisis.
To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
US stocks have rebounded from the losses we saw following the president's April second tariff announcement, but according to one financial advisor, sentiment isn't quite bouncing back. Our next guest saying some of the sentiment among clients that she's seen is reminiscent of 2008. I want to bring in Jamila Mcluny, Blackwell financial, financial advisor for this week's FA corner, brought to you by Invesco, Jamila. Great to have you this morning. Tell me what you're hearing from clients. What is the sentiment that you're sussing out?
Great to be here. Uh, there's a lot of fear, the same fear and anxiety, uncertainty, and just avoidance that feels very reminiscent of 2008 after the housing market crash. Obviously a different reason and result that that's happening now, but it's the same type of fear. They don't want to open statements, they don't want to look at their accounts, they just want to avoid it, kind of blind optimism and hope that it goes away.
Yeah, I think you know great point. Then people have to look at their accounts. It's the reality of the world. You know, the one thing to me, it feels like we're in this world where Trump wants to change the world. He wants to change how business is conducted globally, and it's easy for me to see a world a year from now where either up 25% or down 25%. But to me, if we're up 25%, I'm comfortable missing some of that rally because my job will be good, my house will be good, my family's probably well off. I'm more concerned where if it's down 25%, not only did I lose my portfolio, I've maybe lost in my job. I've lost with a family, I've lost that. Is it right to kind of think that way or is that being too conservative?
I believe that's a great way to look at it because like you said, maybe we don't catch all of those big gains, but if we have the security around the things that can help us over the long term and keep us financially secure, then we're okay with giving that up. So it's a good point to to kind of look at the overall picture.
