I've been at this professionally for over 2 decades and not once has my mom ever called to ask me about the market. Not once, ever.
Last night she calls to tell me how everyone says we're going into a recession because of Trump and tariffs and she wants to liquidate her entire retirement account.
Again, she's never once asked me about the market.
I said to her, "Who is everyone?"
She tells me that it's all the "Financial experts on Instagram".
What am I supposed to tell my mom? She's so nice and not jaded about wall street like the rest of us.
The fear out there is real. Are you noticing?
Do markets normally crash when everyone tells you they're going to crash?
Just something to think about.
Look, price is the only thing that pays and that's what our main focus is right now, and always. If you missed this week's Good, Bad and the Ugly you can catch up here.
But these are the key levels for the S&P500.