Trade Wars

March begun disagreeably and uncompromisingly, taking a big bite out of stock market gains, and there are fears that it may be a sign of more to come as investors consider a more aggressive trade policy from the White House. Many strategists have been expecting the market to recover from February's lows without a retest, but last week's harsh sell-off has some rethinking the outlook. Stocks were already having a bad week before President Donald Trump announced new sweeping tariffs on steel and aluminium. The Dow lost 420 points to 24,608 on the first day of March and was on track for a 2.8 percent decline for the week as of late Thursday. The FTSE 100 fell 105.74 points, sending a warning that more technical damage could be ahead. To discuss this in further detail please contact us.