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Why it has become riskier to be a long-term investor
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The uncertainty of what the Trump administration will do next has made it harder to be a long-term investor.
PHOTO: BLOOMBERG
Jeff Sommer
Uncertainty has defined financial markets this year. It’s not going away, because the source of the problem is the Trump administration.
Tariffs are the main financial issue. US President Donald Trump has sometimes backpedalled when the markets have plunged. But he and members of his administration have made it clear that higher tariffs of some sort are here, even though they are unpopular and most economists say they are a mistake. The risk of higher inflation and slower economic growth, along with strained relations with China and with many erstwhile allies, now appears to be a fact of life.
