The market sold off late into the day today because the White House announced tariffs on a bunch of stuff. This isn’t a political blog so I won’t get into the details here but those tariffs are going to impact people’s jobs, investments, and retirement.
For me, the immediate effect was to see IWM drop and my calls drop in value so that I’m already up 20% in just a day.

We could be entering a market correction that reaches 10% or 20% or more and it could happen as fast as next week or slow boil for the next few months.
In any event, it is important to have a market risk management strategy which this new volatile market. My risk management includes options, long and short positions, bonds, and other long term strategies like buying the big dips.
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Have you deployed a risk management strategy for this new administration? Let me know in the comments below.