By mid-morning, the S&P 500 had begun stabilizing after Monday’s sharp selloff. But another shock hit Wall Street when President Donald Trump posted on Truth Social, reigniting trade tensions with Canada. Markets tumbled again.
“No one is backing down, and that’s troubling,” said Jamie Cox of Harris Financial Group. “Investors thought Trump was bluffing. Now we’re seeing the real impact.”
Fifty days into his second term, Trump seems unfazed by market swings. Unlike his first presidency, where he celebrated stock gains, he now appears willing to sacrifice short-term economic growth to reshape global trade. The AI-driven rally has given way to relentless volatility fueled by abrupt policy shifts.
Tuesday was no different. Stocks briefly rebounded on news of a possible Ukraine ceasefire, only to drop again after Trump suggested reconsidering his proposed Canadian tariffs.
“Clients are confused,” said JJ Kinahan, CEO of IG North America. “Even experienced traders are struggling.”
Despite stable job growth, uncertainty looms. Investors are shifting toward safe assets like Treasuries and defensive stocks.
“With headlines every 15 minutes, even the strongest clients feel uneasy,” said Brian Frank of Frank Funds.
（By Ziqi Qin)
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