Boomers, Rollercoaster Speeded Up

 Maybe the meme of our times is: Don't get smug about your money.

With tariffs off we Boomers were feeling quite pleased with our investing selves. Then this: Tariffs are back on, at least for a while.

Bloomberg Law reports:

"A federal appeals court offered President Donald Trumpa temporary reprieve from a ruling threatening to throw out the bulk of his sweeping tariff agenda, offering at least some hope to a White House now facing substantial new restrictions on its effort to rewrite the global trading order."

CNBC notes that right now futures remain unchanged. But last night CNBC reported that futures were up 500. Most of today the Dow was down but it finally closed up. Not a surge but we'll take the 117. Where was the 500?

So, we don't know really what to expect for our investments tomorrow or in June. 

As expected, my financial advisor contacted me if I had any questions about the volatility. I call it the "rollercoaster." What can he tell me? What can CNBC tell me?

It's a perfect storm of an administration playing chicken with tariffs, high interest rates, sustained inflation and low economic growth in the US. For those of us still working, either as an employee or operating businesses like me, there's also the fragility of demand. 

In my coaching I have introduced "on the menu" faith-based fundamentals for those who are in overwhelm. That loss of confidence prevents clarity about the decisions, both those which can be put on hold and those which have to be made. 

Rattled by the uncertainty? Faith-based Career Coaching. Special expertise with transitions, reskilling and aging. Psychic/tarot readings, upon request. Complimentary consultation with Jane Genova (Text 203-468-8579, janegenova374@gmail.com). Yes, test out the chemistry.