Elon Musk Net Worth Has Dropped by Over $100 Billion So Far This Year

I think if we all are becoming a little more nationalistic and - I'm not saying that's a bad thing, you know, it does resonate with me ... (but) it's going to have elevated inflation,

BlackRock CEO Larry Fink said on Monday

I'm not even looking at the stock market."

Perhaps the most telling Trump comment in the unfolding battle was

Uncertainty is high and rising on Main Street, and for many reasons,

said Bill Dunkelberg, Chief Economist at the National Federation of Independent Business (NFIB), whose February sentiment survey posted its third straight decline last month

All of those millions of people with 401(k)s and pensions are doing far better than they have ever done before with increases of 60, 70, 80, 90 and 100% and even more."

Back in his State of the Union address to Congress in February 2020, Trump said of the stock market

The Trump trade really started post-election in a real sense on the heels of what appeared to be a pro-growth, pro-business administration taking over,

Art Hogan of B. Riley Wealth Management told AFP

The only thing that makes sense is for Canada to become our cherished Fifty First State. This would make all Tariffs, and everything else, totally disappear."

For his part, Trump said earlier on social media

Time in the market and diversification have consistently been the foundations of successful investment strategies.

She adds

As ever, diversification is the name of the game

Myron Jobson, senior personal finance analyst at investing platform Interactive Investor, says

Will US equities outperform for the next five, 15 and 20 years?

Tom Stevenson, investment director at Fidelity, says

Ride out the volatility and prosper long-term’

As Ben Kumar, head of equity strategy at Seven Investment Management, says

This big sell-off feels ugly

warns Drew Pettit, an equity strategist at American investment bank Citigroup

Our country had to do this. We had to go and do this. They've taken away, other countries have taken away our business, they've taken away our jobs. I did it initially very strongly against as you know China and some others in the first term."

While speaking to reporters on Tuesday, Trump was asked about the current state of the stock market and said

Steven Rattnereconomic analyst and former Obama official

Republicans are trying to blame the current economic downturn on 'Biden's Economy'. But America's markets surged ahead of Europe's under Biden and then fell far behind once Trump got started."

Economic analyst and former Obama official Steven Rattner said Tuesday on X, formerly Twitter

We had the greatest economy in the history of our country."

Continuing, Trump said

I'm very optimistic about the country,

Trump said

Chris Larkinbrother

There are always multiple forces at work in the market, but right now, almost all of them are taking a back seat to tariffs."

Chris Larkin, managing director of trading and investing at E*Trade, told the Associated Press

Peter Doocyfox News senior White House correspondent

So you said that the Dow dropping and dropping and dropping is a period of transition,

Doocy said

Karoline Leavittpress Secretary

Well, I'm glad you brought up workers, because that's exactly who President Trump is looking out for with his America First trade policy and his America First economic agenda,

Leavitt responded

Be wary of trying to time the market [pick the right moment to sell]

Richard Flax, Chief Investment Officer at Moneyfarm, argues

This is gonna be hard. It might be a little painful, but the CEO of our country, President Donald Trump, is actually doing something that is really courageous,

Fox Business co-host Jackie DeAngelis asserted on Monday