Latest news with #GreatFinancialCrisis
Yahoo
33 minutes ago
- Business
- Yahoo
6 Wall Street veterans share the best trades they've ever made
Wall Street money managers shared the highlights of their investing careers with BI. Their stories highlight the role of both skill and luck in making successful investment decisions. The trades range from buying undervalued stocks to strategic exits during the Great Financial Crisis. Last month, Business Insider highlighted tales of investing glory from 10 everyday Americans. For some, their best investment was their house. For others, it was holding on to superstar stocks like Nvidia or Apple. But what about the pros? Over the last few weeks, senior Wall Street money managers have regaled us with stories of their career highlights. A degree of luck played a role in each trade, to be sure, but all of the anecdotes also highlight why top asset managers are among the best in their business: their ability to spot timely opportunities and capitalize on them, either in the short term or over many years. GMO's Arjun Divecha used negotiating tactics at 3 a.m. to eventually realize a 6,400% return. Haverford Trust's Hank Smith knew to get out of a stock just a day before it fell 86%. Here are the stories of the best trades six Wall Street veterans made, either through their firms or for their personal accounts. In 1998, Russia experienced a financial crisis that caused its stock market to crash by 98% and sparked a brief global financial shock. Divecha started buying up discounted shares of machinery producer UralMash, now known as United Heavy Machinery, amassing a 5% stake in the company. One night, he got a call at 3 a.m. from a Russian investor who owned 2% of the firm and wanted to know if Divecha and GMO were interested in buying it. "I said, 'Ok, what is the bid-ask on this?' because one of the first things you learn in a crisis is you never say, 'What's the price?'" Divecha said. "There's no such thing as a price in a crisis." The investor was asking for a dollar a share, but the current bid was for 50 cents. Annoyed at being woken up, and knowing that several failed New York-based hedge funds were due to liquidate their shares in the company soon, Divecha said he would buy his stake for 23 cents a share and that the offer was good for a minute. The investor accepted. "I am convinced that had I said 25 cents, he would not have taken it," Divecha said. "When I said 23 cents, I was using something I call the illusion of precision — that somehow he thought that I had done some complicated math and come up with 23 cents." Divecha held the stock for four to five years before selling it for around $15 per share, he said. During the pandemic in early 2020, when the price of oil went negative, Nguyen had an idea: Get paid to hold oil. However, it's hard for a retail investor to take delivery of physical crude. Nguyen decided to approach the oil trade by gaining exposure to MLPs, or Master Limited Partnerships, which are generally companies that process and move oil. She did this via investments in specific ETFs. With the sector broadly cheap, casting a wide net made this the simplest approach. "It's kind of like the question do you want to look for the needle in a haystack, or do you want to buy the haystack?" Nguyen said. "When the haystack is full of great needles, you just want to buy the haystack." As it became clear that the world would normalize and reopen, her investment returned 50%. She eventually closed the position and transferred the proceeds to her donor-advised fund, which allows someone to set aside money they intend to donate. Nguyen's favorite charities to donate to include those focusing on education and food security in New York City. Amid the chaos of the 2008 crash, Smead — a top 1% investor, according to Morningstar data — noticed eBay trading at $11 a share and saw a bargain. While he liked the business model, Smead was more drawn to the fact that the company owned 100% of PayPal, 100% of StubHub, and 30% of Skype. They also had the equivalent of $3 per share in cash and were debt-free, he said. At Thanksgiving that year, Smead had a broker who was a family friend over, and remembers telling him about the stock. "I said, 'When you go back to your office on Monday, you call every single one of your clients and get them to buy a bunch of this stock and then never sell it," Smead said. Today, eBay trades at around $77 a share, and PayPal has split into a separate stock. Barr, whose fund has a five-star rating from Morningstar, said his best investment ever was in Nova (NVMI), a company that produces measurement systems used in the factory production of semiconductors. It's benefited hugely from the recent semiconductor boom amid the AI arms race. Barr bought it all the way back in the third quarter of 2009. Since then, it's up more than 6,000%. "It was no analyst coverage, nobody knew it," Barr said. "I knew one of their peers very well, and the peer was also a small-cap listed company that was doing great, and I owned it." In early 2021, retail traders blew up hedge fund Melvin Capital by piling into GameStop stock, sparking a now-infamous short squeeze. Hsu saw the Melvin collapse as an opportunity, as it likely signaled upside momentum on GME would run out quickly. It's not often that retail traders topple a hedge fund, so it seemed like a sign of the peak was near. He took the same position that rattled other short sellers and bet against GameStop. He timed it just right. As the stock fell 87% over the next couple of weeks, Hsu realized huge returns. "I was right in the analysis assessment, but I was no more right than the hedge fund that went ahead of me," Hsu said. "We did the same analysis, and I made the money by actually being late, which is not usually an attribute that's successful in this industry." He continued: "What I learned is if you do your analysis correctly, that's a part of investing successfully. Luck is so important. In that trade, if you're early, you die." Smith's best investment decisions were actually deciding when to sell during the Great Financial Crisis. In October of 2007, Citigroup's stock fell 21% in the span of a couple weeks after a bad earnings report. Smith sold the stock, sparking ire from his clients. "We were vilified by many of our clients for selling a bluechip company at the low," he said. "In fact, one consultant used that as an excuse to pull a handful of his clients that were invested with us." But Smith had made the right move. Citigroup's stock continued its freefall as the crisis unfolded. Today, it's still down 79% from its price in early November 2007. In September 2008, Smith then sold AIG at a steep loss before it collapsed by another 86% within a day. "We sold the entire position in one day at around $15 a share," he said. "The next day it opened at $2." He added: "A couple of days later, our clients got the trade confirmation, and they treated us like conquering heroes." Read the original article on Business Insider Sign in to access your portfolio
The Market Online
4 days ago
- Business
- The Market Online
A growth pick and a value play for the junior mining investor
With Trump's tariff rampage reinforcing the ongoing trend towards deglobalization, the economic environment is the most prospective it's been for junior mining investors since the height of the Great Financial Crisis, when gold, silver and copper hit all-time-highs as major financial institutions crumbled with their hands out for a bailout. As economic superpowers across the world seek to secure domestic supplies of critical materials, they will be looking to allied countries to fill in shortfalls, making projects across the mining life-cycle key considerations for your next investment. In the latest edition of Stockhouse's Weekly Market Movers, I'll weigh in on the prospects of two junior mining stocks – one positioned for growth, the other for a value-based re-rating – with multi-commodity exposure tied to markets in long-term tailwinds. Green Bridge Metals, market capitalization C$18.81 million, is a Canadian-based exploration company acquiring and developing critical mineral projects. The company's flagship asset, the 8,460-hectare South Contact Zone (SCZ) north of Duluth, Minnesota, houses bulk-tonnage copper–nickel and titanium-vanadium across four properties, with numerous exploration targets including platinum group elements (PGEs) yet to be fully exploited. SCZ currently hosts an inferred titanium dioxide (TiO2) resource of 46.6 million tons grading 15 per cent TiO2, in addition to 13.3 million tons of ilmenite valued at $350 per ton, with a preliminary economic assessment (PEA) (a likely market catalyst) expected by Q4 2025. Green Bridge's 1,450-hectare Chrome Puddy project in Ontario complements the SCZ with a past-producing chromite mine, bulk-tonnage nickeliferous magnetite mineralization (historical resource of 30 million tons at 0.25-0.28 per cent nickel) and multiple untested conductors and channel sample-based targets. Investors have been getting behind the company's upside since adopting the Green Bridge name in November 2023, elevating Green Bridge stock (CSE:GRBM) by 125 per cent to date. Drilling, sampling and metallurgical studies planned for 2025, in addition to the PEA, offer the company a runway to add to share-price momentum and tap capital markets more opportunistically, responding rather than reacting to commodity demand. David Suda, Green Bridge Metals' chief executive officer (CEO), spoke with Stockhouse's Lyndsay Malchuk about the company's letter of intent to option another large bulk-tonnage copper-nickel-PGE project in Minnesota, this one hosting historical indicated and inferred resources. Watch the interview here. AJN Resources Our second junior mining stock pick, this time on the value side of the spectrum, is AJN Resources, market capitalization C$5.69 million, which explores for lithium and gold in Africa backed by a management team with over 75 years of experience, including exploring, financing and developing major mines across the world. AJN's Manono Northeast project in the Congo, optioned in 2023, generated grab samples up to 400 parts per million (ppm) lithium and 1,815 ppm tin only 7 km northeast of the Manono pegmatites, which yielded AVZ Minerals' 669 million tons at 1.61 per cent Li 2 O on its flagship Manono project. AJN's drill-ready Kabunda South project, 120 km to the northeast, also optioned in 2023, features visually identified spodumene across an 11-km strike extent, including priority pegmatites measuring 1.5 km and 1.2 km in length, respectively. Recently, AJN expanded its target commodities with gold, coinciding with the metal's ascent to all-time-highs, signing deals to acquire a majority stake in the 672-square-km Dabel project in Kenya and the 42.8-square-km Okote project in Ethiopia. The projects are located 250 km and 100 km, respectively, from the producing 4.5-million-ounce Lega Dembi mine in Ethiopia, the country's largest gold operation. Despite management's over 20 years of experience in the Congo and a portfolio with solid leads for exploration upside, AJN stock (CSE:AJN) has given back over 70 per cent since optioning the first of these projects, Kabunda South, in January 2023, suggesting that investors today may benefit from a contrarian opportunity as positive news flow leads to market recognition and a potential re-rating. Green Bridge's 11 per cent insider ownership and 18 per cent institutional ownership wholeheartedly agree. Klaus Eckhof, AJN Resources' president and CEO, joined Lyndsay Malchuk to discuss the company's investment in the Okote gold project. Watch the interview here. Thanks for reading! I'll see you next week for a new edition of Stockhouse's Weekly Market Movers. Here's the most recent article, in case you missed it. Join the discussion: Find out what everybody's saying about these junior mining growth and value stocks on the Green Bridge Metals Corp. and AJN Resources Inc. Bullboards and check out Stockhouse's stock forums and message boards. This is sponsored content issued on behalf of Green Bridge Metals Corp. and AJN Resources Inc., please see full disclaimer here.
Yahoo
23-05-2025
- Business
- Yahoo
The ‘Buy America' strategy has stopped working in the tariff era. What investors should do next
For the past decade or so, it was easy for the average investor to pursue a winning strategy: Load up on low-cost ETFs that tracked the S&P 500 or another big basket of U.S. stocks, then sit back and watch the returns pile up. This strategy became even more appealing as the U.S. tech sector roared and the stock prices of 'the Magnificent Seven' climbed to nosebleed heights. This approach, or variations on it, came to be known as Buy America, and it worked splendidly. Until it didn't. 'If you'd come to me 10 years ago, I would have said, 'Just buy an index fund and don't worry about it,'' says Stephanie Guild, chief investment officer of Robinhood Markets. Now she suggests investors consider a more active approach to their portfolios—and give them a lot more geographic variety. Many investors came to a similar conclusion in April after President Trump announced his 'Liberation Day' tariffs, which signaled that his administration would pursue his goal of expanding the manufacturing sector, even if it incurred near-term damage to a U.S. economy that had been the envy of the world since the Great Financial Crisis. The market response was immediate. The punishing tariff measures not only sent stocks tumbling but also triggered a decline in the value of the dollar and U.S. Treasury bonds. Meanwhile, a flood of capital began to head overseas, leading some to invoke a new investment mantra: Sell America. That advice is likely overstated, especially as some markets have recovered from the shock of the initial April tariffs. But the recent 'Sell America' cries can also be seen as an exclamation point on a broader trend. According to many investment experts, it's been apparent for some time that the lopsided weighting of tech stocks in many portfolios was not sustainable. And many casual investors may be unaware they've built up an oversize helping of Big Tech. Most index funds are asset-weighted, which means that the bigger the Magnificent Seven grew in market valuation, the more space in a set-it and-forget-it portfolio they came to occupy. 'The Magnificent Seven are truly magnificent, but they've become outsize and very expensive,' says Erik Knutzen, a co–chief investment officer at Neuberger Berman. As for recent asset flight away from U.S. stocks: 'We don't think this is some kind of dire perspective on the U.S.—more of a normal, rational rebalancing.' For retail stock owners, the sudden shift is a reminder of one of the bedrock principles of investing: diversification. Research shows that more diverse portfolios perform better over the long run because a decline in one category of assets will typically be mitigated or offset by the performance of other assets. 'This year has been a powerful reminder that you don't want to let yourself get too concentrated in any one industry or asset class, no matter how bright it might shine at the moment,' says Katie Klingensmith, chief investment strategist at Edelman Financial Engines. The entire global economy, to be sure, is still absorbing the shock from Trump's tariff policies, which means that the current period of volatility is far from over and investors could feel more pain. But the pain could also be easily reversed, and diversification gives investors a chance to benefit from good news, wherever it surfaces. So if a passive strategy centered on U.S. assets is no longer optimal, what should investorsdo instead? First off, investing pros make clear that shifting away from U.S. assets does not mean turning away from them altogether. The U.S. economy is still stronger than many others, and its equities are still a good bet, including the 'other 493' (the S&P outside of the Magnificent Seven). The case for bonds, though, may be weaker. Robinhood's Guild says the conventional wisdom that calls for steadily increasing the proportion of bonds in one's portfolio as one gets older has become outdated. She points out that bond volatility has increased and it's no longer a given that bonds' returns will display a negative correlation to stocks. This also means that those looking for income may get a better payoff from high-dividend stocks—a category that does not include Big Tech companies, which pay little or nothing in the way of dividends. Microsoft is the best of the bunch with a dividend of around 0.75%. Tesla and Amazon offer no dividend at all. Compare those with other Fortune 500 names Pfizer and Ford, which paid out annual dividend yields over 6%. Meanwhile, a series of developments are underway abroad—some of them hastened by economic and geopolitical disruptions unleashed by Trump—that are lifting some investors' outlook for stocks in Europe and Asia. Knutzen pointed to Germany, in particular, whose government has shifted away from a rigid fiscal policy to pursue broader spending on defense. Knutzen also says his firm is encouraged by pro-growth policies adopted by governments in France and Italy that are invigorating the private sector. At the Milken Institute Global Conference in May, investing titans Jonathan Gray of Blackstone and Marc Rowan of Apollo both described assets in Germany and the rest of the continent as a bargain, and expressed optimism that an era of hyper-regulation could be receding. The pair also spoke favorably of the investment climate in Japan and India. Knutzen of Neuberger Berman says his firm is likewise keen on Japan, where, he notes, new governance policies have resulted in systemic improvements to how companies are managed. He adds that he is also spending considerable time speaking with more affluent clients about alternative investments like real estate and the booming private credit market. For those looking to build or rebalance a portfolio, Guild proposes different ideas based on age, investment goals, and risk tolerance. For most people around age 35, she suggests a mix of about 75% U.S. stocks balanced with a helping of European equities packaged in large-cap ETFs. To round it out, she'd consider adding Asian tech stocks and commodities such as gold or Bitcoin. The calculus for those on the cusp of retirement is different, since those investors will typically want lower risk and ready access to cash. For them, Guild recommends a more conventional portfolio of around 60% stocks and 40% bonds, though she adds the latter portions should consist primarily of short-duration bonds given the current volatility of the markets. For self-directed investors, these calls for a more diverse and complicated portfolio may pose a challenge since it will likely mean wading into unfamiliar asset categories. Hiring an active manager offers a solution to this. As always, one should feel confident that doing so will deliver additional gains that exceed the fees they charge. The good news for considering an active approach is that many advisors' fees are dropping as a growing number of financial institutions push into wealth management services, creating more competition. (Of course, those fees will never approach those of leading ETFs, which can be as low as five basis points.) Another benefit of working with advisors: They can talk you out of yanking all your money out of the markets during a rough week. More broadly, investors should treat the market events of 2025 in the context of a return to basics. On fundamental principle of investing that came to be overlooked during the go-go days of Buy America is that diversification will strengthen any portfolio and help it withstand shocks ranging from tariffs and pandemics to the popping of bubbles. 'We are working with clients of all types on making sure they don't have too much concentration,' says Knutzen. Until early this year, investors could make out handsomely by focusing on the few big U.S. tech stocks known by the movie-inspired moniker 'the Magnificent Seven.' Inevitably, though, that playbook grew outdated as those stocks became expensive and new opportunities emerged. For those looking to balance their portfolio, here are three strategic suggestions: Investors may have overlooked other gems from the S&P 500. Stephanie Guild, chief investment officer of Robinhood Markets, likes these three: Intuitive Surgical (ISRG) This stock is already a darling, but the company has a unique, in-demand product— surgical robots—that gives it plenty of room to grow. (ANET) In the AI era, Big Tech firms are hungry for data centers, and Arista specializes in making network equipment for those vital hubs. Inc. (GAP) An apparel company with a rocky past and huge exposure to tariffs sounds like a stock toavoid. A closer look, though, reveals a firm well on its way to a turnaround story, with a new CEO doing many things right. Long shunned by many investors owing to slow growth and excessive regulation, Europe is displaying a new economic vitality as its major economies begin to pursue pro-growth policies. European stocks, traditionally undervalued compared with their U.S. counterparts, are more so than ever. This, combined with a weaker U.S. dollar, makes them look like a buy. Euro Stoxx 50 ETF Guild recommends this low-cost ETF, which packages the 50 largest companies in the eurozone, providing broad and diverse exposure to the continent's most promising businesses. Many Asian economies have recently made giant strides in key sectors. Here are three countries to scope for stock deals: China The roller coaster that is the country's tech sector is zooming upward on the strength of achievements in AI. Chinese tech stalwarts like Alibaba and Tencent, both AI players, look particularly attractive. Japan The Land of the Rising Sun has instituted reforms to improve transparency and corporate governance. This new turn means investors should consider multinational exporters like consumer giant Sony and Tokyo Electron, which supplies equipment to chipmakers. India Growing ties with the United States and multiple bright spots across the economy make broad-based India-focused ETFs a promising bet. In the age of app-based stock buying, it's easy to forget that there is one popular asset you can store in a safe or bury in your backyard: gold. It's also beautiful: A handsome doubloon or gleaming ingot will fetch a lot more compliments than the bits of digital dust that make up the rest of your portfolio. On the downside, unlike owners of run-of-the-mill stocks, gold owners must pay significant sums to safely transport and store their holdings, and face a very real risk of robbery from burglars or shifty visitors. Gold has other drawbacks, too, of course: Unlike stocks or bonds, it provides no income yield, and physical gold is not always the easiest thing to convert to cash. But for all its quirks, gold has been one of the best-performing assets of the past year. Recent economic turmoil has seen it live up to its reputation as the safest of safe havens: On April 22, the price of gold crossed the $3,500-an-ounce mark for the first time ever. For those who want to hold the real thing in their hands, Costco offers one of the lowest premiums for physical gold (around 2% compared with as much as 5% at other outlets). And for those who are not craving a physical asset, there is the cheap and more practical—though decidedly less pulse-quickening—alternative of an ETF. Be aware, though, that selling gold at a profit (including in its ETF forms) will incur higher capital gains taxes than stock transactions will, since gold is classified as a collectible and taxed at a higher rate of up to 28%. For casual investors who have caught a touch of gold fever, Fortune has listed the pros and cons of popular purchasing options below. Typically issued by national governments. The American Gold Eagle coin and the Canadian Gold Maple Leaf are popular Beautiful to hold and More expensive than other options. Typically sold in flat one-ounce rectangles imprinted with a company or government logo. You can also buy larger bars—often called ingots—that are primarily traded in wholesale As basic as it gets and cheaper than Still comes with a premium to order and ship. Among the world's most popular ETFs, these are shares in a trust that trades like a stock, backed by reserves of physical gold stored by a bank or financial By far the cheapest Nothing shiny to behold; the gold is held by a third party. This article originally appears in the June/July 2025 issue of Fortune with the headline 'Tariffs have halted the 'Buy America' era. Here's what to do next.' This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
21-05-2025
- Business
- Business Insider
One of Liberation Day's biggest losers is hitting record highs and crossing a key technical level as hedge funds jump in
Industrials were one of the biggest losers of the Liberation Day stock market sell-off, but they've since made an impressive comeback. The sector hit record highs at the start of the week after plunging over 20% in April. Since 1990, only two other periods have seen this level of price appreciation: immediately after the Great Financial Crisis and the pandemic. Industrials are one of the most tariff-exposed areas of the economy. Companies in the sector often rely heavily on global trade and have thin margins that can be easily disturbed by import and export costs. The sector includes companies like GE Aerospace, Boeing, and Uber Technologies. Increased confidence in the economy and trade negotiations, combined with strong performances from aerospace and defense stocks, helped carry the rally. Trump's recent announcement of a $175 billion investment into the Golden Dome missile defense system is also looking like a promising tailwind for the sector. Industrials is the first sector to break record highs after Liberation Day. Institutional investors are buying into the rally, adding more fuel. According to Bank of America, for the week ending May 16, hedge fund net purchases of industrial stocks were at their highest level since 2008. Bank of America Additionally, 65% of the sector's stocks are trading above their 200-day moving averages, indicating that more stocks are participating in the rally, according to Adam Turnquist, the chief technical strategist at LPL Financial. While "sector breadth has notably improved," it's still lower than what it was during previous record highs, Turnquist points out. When the sector was previously trading at all-time highs in late 2024, 80 to 90% of stocks were trading above their 200-day moving average. The percentage of stocks in the sector hitting 52-week highs is also still low, at just shy of 9% this week. LPL Financial remains neutral on the sector, but Turnquist acknowledges that the technical setup is constructive for a continuing rally — and could point to cyclical stocks becoming leaders in the overall stock market recovery.
Yahoo
20-05-2025
- Business
- Yahoo
Jim Cramer Recalls 2011's 6.7% Market Decline After US Debt Downgrade, Says It 'Ultimately Meant Nothing:' Dan Niles Sees Limited Downside Amid Tariff Rollbacks, FOMO
Moody's downgrade of U.S. debt from Aaa to Aa1 marks the country's loss of its last remaining top-tier rating, prompting market experts to weigh in on potential impacts. What Happened: CNBC's Jim Cramer recalled on Sunday that 'the market dropped 6.7% after the last downgrade back in 2011 but it, ultimately, meant nothing.' Despite weeks of market decline following that event, Cramer emphasized investors 'had to stay the course.'Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Dan Niles, founder of Niles Investment Management, expects less severe market reactions this time. 'Prior debt downgrades have been followed by S&P drops of 8-10%,' Niles noted, adding that 'today, tariff rollbacks is driving a pickup in the economy & the decline should be less.' Moody's joins Fitch and Standard & Poor's in downgrading U.S. debt below the highest 'triple-A' level. Fitch downgraded U.S. debt in August 2023, while S&P's historic first downgrade occurred in August 2011. The 2011 S&P downgrade shocked markets, coming after the S&P 500 had doubled from its 2009 Great Financial Crisis lows. The index plunged 6.7% the following trading day, ultimately falling 8% from the downgrade in October 2011. Fitch downgrade contributed to a 10% S&P 500 decline from July to October 2023, exacerbated by inflation concerns and rising 10-year yields. Niles believes current conditions differ significantly. 'Unlike in 2023 or 2011, the economic environment is improving around this debt downgrade,' he wrote, citing reduced China tariffs driving trade resumption. Why It Matters: Market support could come from retail investors experiencing FOMO (fear of missing out) and professional investors who missed the recent 20% rally from April lows. The AAII survey recently showed bulls surpassing bears for the first time during this rally, according to Niles. Moody's cited persistent fiscal deficits and rising government debt as key factors in its decision. The agency projects U.S. debt-to-GDP ratio will climb from nearly 100% in 2025 to around 130% by 2035. 'Even in a very positive and low probability economic and financial scenario, debt affordability remains materially weaker than for other Aaa-rated sovereigns,' Moody's stated. The SPDR S&P 500 ETF (NYSE:SPY) and Invesco QQQ Trust (NASDAQ:QQQ) both slipped in Friday's after-hours trading following the announcement. Read Next: Hasbro, MGM, and Skechers trust this AI marketing firm — Invest at $0.60/share before it's too late. Invest Where It Hurts — And Help Millions Heal: Invest in Cytonics and help disrupt a $390B Big Pharma stronghold. Photo courtesy: katz / Send To MSN: Send to MSN UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Jim Cramer Recalls 2011's 6.7% Market Decline After US Debt Downgrade, Says It 'Ultimately Meant Nothing:' Dan Niles Sees Limited Downside Amid Tariff Rollbacks, FOMO originally appeared on Sign in to access your portfolio
