We're just past the 50-day mark of Trump 2.0, and already the S&P 500 is on the cusp of its first 10% correction since late 2023. That's a starkly different start to the second Trump Administration than what many investors had expected,

Trump’s apparent acknowledgement on Fox News that his policies, including tariffs, could cause a period of “transition” for the economy was also disturbing – since it appeared to indicate that short-term pain is in the offing and that he is prepared for a country weary of high prices for groceries and housing to endure it.