As you are likely aware, the market is down roughly 10% from recent highs. While corrections such as these are not uncommon (we get one per year on average), this one seems worse because it is linked to the heated rhetoric about U.S. trade policies, deficits, and tariffs.
It is important to understand that if trade policies are fair, then a trade deficit is not necessarily a problem and can actually be supportive of the economy. Jeremy Siegel, the well-respected Wharton School economist, offered this perspective in an op-ed this morning. Here is a link: https://whiteoakfinancialmanagement.com/wp-content/uploads/2025/03/A-Perspective-on-Trade-Deficits.pdf
If you have questions or would like to chat, please let me know.
Cheers!