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Trump sell-off unnerves Wall Street, bargain hunting calls fade
2025-03-13 13:00

Odaily News "In just a few weeks, Trump has begun to silence the bargain-hunting stock traders who have set the tone for Wall Street for much of the past 20 years. Instead, there are growing calls to lock in profits and stay on the sidelines as Trump's trade war chaos upends the economic outlook and there is uncertainty about who will be the winners, if any, of the new era of the stock market. "Buying dips now is like buying discounted tickets to a show without knowing who is performing," said Dave Mazza, CEO of Roundhill Investments. "Unlike every previous dip that was reliable, the increased uncertainty about tariffs and trade policy means investors will either win big or lose big in the end." "We are in capital preservation mode now," said Ted Mortensen, managing director of Robert W Baird & Co. He said the market, especially the technology sector, also faces some headwinds that are common in the spring. Anyone who wants to get in now has "not been through some very bad cycles," he said. (Jin Shi)