
Stocks close out volatile day as investors say market is ‘sick and tired’ of Trump’s tariff chaos
CNNNew York CNN — US markets seesawed Tuesday amid another tariff roller coaster ride. “This market is just blatantly sick and tired of the back and forth on trade policy,” Art Hogan, chief market strategist at B. Riley Wealth Management, told CNN’s Matt Egan. Trump has cautioned that tariffs could cause “a little disturbance,” and Commerce Secretary Howard Lutnick said last week that “the fact that the stock market goes down half a percent or percent, it goes up half a percent or percent, that is not the driving force of our outcomes.” “There’s a tolerance for pain that maybe some investors hadn’t priced in,” said Ross Mayfield, an investment strategist at Baird. White House Press Secretary Karoline Leavitt in a press briefing Tuesday reiterated comments by Trump that the US is in “a period of economic transition.” Asked about the declines in the market, Leavitt said they are a “snapshot of a moment in time.” “The president will look out for Wall Street and for Main Street just like he did in his first term, and people on Wall Street and Main Street should bet on this president. “Extreme fear” has been the sentiment driving investors for the past two weeks, according to CNN’s Fear and Greed Index, stoked by the uncertainty caused by Trump’s back-and-forth tariff announcements.
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