Trump Inauguration 100 Days, US Stock Market Worst Performance in 51 Years

President Donald Trump Of The United States Shouting The MAGA Slogan (Source: AP)

Although President Donald Trump Of The United States Marked 100 Days In Office, The Stock Market Is Recording Its Worst Report Card Since 1974. Bloomberg Reported On The 28th (Local Time) That Contrary To The 'Unprecedented Boom' Promised By President Trump During The Presidential Election, The Results Were Far From What Investors Expected.

The Leading Index, The Standard &Amp; Poors (S&P) 500 Index, Has Fallen About 8% Since President Trump's Inauguration Despite A Rebound Last Week. This Is The Worst Record Since 1974 When President Richard Nixon Resigned Due To The Watergate Scandal And Gerald Ford Assumed The Presidency.

On Wall Street, The Recent Sharp Decline Was Not Anticipated At All, As Stock Prices Have Continued To Rise By More Than 20% For The Past Two Years. President Trump Launched An Aggressive Trade Policy Of Imposing High Reciprocal Tariffs Worldwide Shortly After Taking Office, And As The Large-Scale Deportation Of Illegal Immigrants And Mass Dismissals Of Federal Employees Were Pursued, Market Anxiety Spread Rapidly. As A Result, The S&P 500 Index Fell At The Fastest Rate Since The Great Depression Of 1929.

Mark Malek, Chief Investment Officer (CIO) Of Investment Company Siebert Financial, Evaluated That "Such Broad-Based Systemic Risk Is Rarely Seen Even In Textbooks," And "Volatility Was Entirely Different From The Past And Spread Like Wildfire To All Asset Classes."

After President Trump's Election, The Market Rebounded Due To Expectations For Deregulation And Tax Cuts, But As The Tariff War Intensified, Each New Tariff Announcement Caused The Stock Market To Fluctuate. In Particular, Just After Announcing The Highest Level Of Reciprocal Tariffs In 100 Years At The Beginning Of This Month, The S&P 500 Index Fell By More Than 10% In Two Days, And Although It Temporarily Rebounded By Postponing Tariffs For 90 Days From Countries Other Than China, The Confusion Continues.

Eric Diton, CEO Of Wells Alliance, Pointed Out, "The Economic Boom Expected At The Time Of President Trump's Election Was Rather Suppressed By Trade Uncertainty." Paul Nolte, A Market Strategist At Murphy &Amp; Sylvest Asset Management, Also Said, "It's Still Uncertain What To Achieve In Markets Such As Vietnam, Canada, And Europe."

The U.S. Economic Outlook Is Also Gloomy. Asset Management Firm Vanguard Predicted That U.S. Growth Rate Would Be Less Than 1% This Year, Which Is The Lowest Since 2020. Rebecca Venter, Senior Bond Product Manager At Vanguard, Worried That "The Slowdown In Growth Will Also Negatively Affect The U.S. Fiscal Deficit."