Trump’s market grip fades as S&P 500 slides 7.4%
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- S&P 500 tumbled 7.4% in March, marking a fifth straight week in the red—the first such streak since May 2022, FactSet data show.
- VIX surged above 31, well beyond its long‑run average of around 20, indicating heightened market fear.
- Dow Jones fell 1.7% on Friday, pushing the index into correction territory.
- Nasdaq slumped more than 2% after entering a correction on Thursday.
- Kush Desai said the president “continues to be a powerful force driving the market’s confidence,” citing tax cuts, deregulation and energy abundance.
- Barclays analysts warned that “constant flip‑flopping and headline fatigue” are eroding the efficacy of the “Trump put.”
- Steve Sosnick noted that investors’ belief in Trump’s willingness to de‑escalate the Iran conflict has limited losses, but the prolonged fight is “psychologically draining.”
Why it matters: Investors lose the safety net of the “Trump put,” as market participants now demand tangible proof before reacting to his statements, driving higher volatility and eroding confidence in the president’s pro‑business agenda; meanwhile, traders who can anticipate the new risk premium may profit from the heightened swings.
Ask SkimNews
