That sent the index nearly 10 per cent below its record set just a few weeks ago. That was before stocks began tumbling on uncertainty about how much pain Trump is willing for the economy to endure through tariffs and other policies. The Dow Jones Industrial Average dropped 625 points.
Kachur added it doesnt help that the American president’s message and position on the tariffs appears to change on a daily basis.
“But even more so the waffling and the moving back and forth, where one day there’s gonna be tariffs and the next day they’re not, three days later it’s tariffs on something else,” he explained.
With respect to advice for investors, Cole encouraged an active approach, that involves a combination of mitigation and risk instead of just ‘riding the wave.’
He added his own clients have diversified portfolios across different asset bases and are not fully exposed to one single market in the U.S. or Canada.
“You know it’s unfortunate because everything else is pointing to a market that wants to go up but when the person who probably has the most power to influence markets and is influencing them in a negative way, we’re seeing results like we are getting right now,” he said.
Still, Kachur said its more important than ever to be active within your portfolio.
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nigel.maxwell@pattisonmedia.com
On Blue Sky: @nigelmaxwell.bsky.social
— with files from the Canadian Press
