Jason Katz, Managing Director of Katz Wealth Administration at UBS Monetary Companies, shares how he’s advising shoppers on this market local weather as uncertainty over tariffs spikes volatility.
Traders stomached massive swings within the inventory market this week with the S&P 500, the broadest measure of equities, sinking into correction territory spooked by President Trump’s ongoing tariff push towards Canada and Mexico, whereas placing the European Union on discover with a possible 200% alcohol tariff.
Ticker Safety Final Change Change % I:DJI DOW JONES AVERAGES 41488.19 +674.62
+1.65%
SP500 S&P 500 5638.94 +117.42
+2.13%
I:COMP NASDAQ COMPOSITE INDEX 17754.08602 +451.07
+2.61%
All three of the most important U.S. benchmarks clocked strong beneficial properties Friday, with the Dow Jones Industrial Common up 1.6%, whereas the S&P 500 and the Nasdaq Composite rose over 2%.
WHY SOME BUSINESS OWNERS ARE UNFAZED BY TRUMP’S TARIFFS
Nonetheless, for the week, the Dow misplaced 3%, whereas the S&P 500 and Nasdaq Composite fell over 2%.
TRUMP THREATENS 200% TARIFF ON EU ALCOHOL
On the similar time, gold, a protected haven, crossed $3,000 per ounce for the primary time earlier than pulling again as recession fears ticked up.
Ticker Safety Final Change Change % GLD SPDR GOLD SHARES TRUST – USD ACC 275.23 +0.15
+0.05%
Jason Katz, Managing Director of Katz Wealth Administration at UBS Monetary Companies, is telling his shoppers to hold tight and to place their political opinions, no matter they’re, apart.
“Take a deep breath, this is not our first rodeo. Clients have been with me five, ten, 20 and, in some cases, 30 years,” he instructed FOX Enterprise. “If you’re diversified, it’s not so bad, literally look at your portfolio, look at your bonds, look at your value stocks,” he suggested, noting the typical 60/40 portfolio (60-stocks/40-bonds) is optimistic on the 12 months, with bonds up about 1.5%.
“Recession is generally not caused by tariffs, rather exogenous events, and it’s premature to use the recession word,” he famous. “I do expect to see more pro-growth policies in the latter half of the year,” he added.
THE CASE FOR $3,000 GOLD PRICES
President Donald Trump walks throughout the South Garden to board Marine One on the White Home on March 7, 2025, in Washington, D.C. (Kayla Bartkowski/Getty Pictures / Getty Pictures)
Final weekend, Trump was requested concerning the potential of a recession.
“This is a period of transition, because what we are doing is very big. We are bringing wealth back to America,” Trump instructed FOX Enterprise’ Maria Bartiromo on ‘Sunday Morning Futures.’
Commerce Secretary Howard Lutnick defended Trump’s techniques to convey again “fair trade and reciprocal trade” on Friday to spice up metal, aluminum, copper, vehicles, semiconductors, prescription drugs and lumber, whereas capturing down recession discuss.
U.S. Commerce Secretary Howard Lutnick talks reciprocal tariffs, commerce deficits, American manufacturing, auto manufacturing and the macroeconomy in a wide-ranging interview with FOX Enterprise’ Maria Bartiromo.
“In the fourth quarter of 2025, this economy is going to be humming,” he stated, talking with Bartiromo.
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The Federal Reserve, on Wednesday, will launch its March choice on rates of interest. In response to the CME’s FedWatch Device, which tracks the likelihood of price strikes, 99% of market individuals anticipate charges to stay unchanged at 4.25% to 4.50%. The following price minimize might come as early as June, the instrument reveals, and maybe a second in July.
