Think Tariffs Are Wall Street's Biggest Worry? Then You're Probably Not Paying Attention to This Much Larger Problem.
Tariffs take a decisive back seat to a more pressing issue for Wall Street and investors.
Although Wall Street is a bona fide wealth-building machine, the stock market wouldn't be a "market" without the ability for equities to move in both directions.
Over the last month, the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) have endured historic bouts of volatility. For instance, the S&P 500 recorded its fifth-largest two-day percentage decline on record (-10.5%) on April 3 and April 4, then turned around to register its largest single-session point gain since its inception on April 9. The Dow Jones and Nasdaq Composite also logged their respective biggest nominal point gains in history on April 9.
Wall Street's whiplash has primarily been blamed on President Donald Trump's tariff policy. While there's no denying that short-lived fear and uncertainty have resulted from various aspects of the president's tariff plans, there's a far bigger worry for the stock market than tariffs.
