If Your Portfolio Is Down on the Tariff News, Check Out This Little-Known High-Yield Dividend Stock
Investors are dumping growth stocks right now as new tariff policies rock the markets.
Over the last week, the capital markets experienced a whirlwind of chaotic selling. Since President Donald Trump announced new tariff policies on April 2, the S&P 500 and Nasdaq Composite each declined about 10% as of this writing.
Growth stocks have been particularly vulnerable to the ongoing selling. And in a way, that makes a lot of sense. Many companies in the technology realm have experienced a ride for the ages over the last couple of years thanks to the artificial intelligence (AI) megatrend.
Given the uncertainty of the new tariff policies, my hunch is that investors are deciding to take some gains in their growth stocks and stockpile cash for the time being. While businesses across each major industry sector could face some headwinds from the tariffs, smart investors know that there are still good opportunities sitting quietly in the background.
