Latest news with #Lacamp
CBS News
10-04-2025
- Business
- CBS News
Stock market soars as President Trump announces 90-day tariff pause
When it comes to the stock market, Jim Lacamp has seen it all. As a financial advisor and senior vice president of investments for Morgan Stanley, he's been through many highs and lows, but what happened Wednesday even raised his eyebrows. "So, we gained almost 4,000 points in three hours, which is very, very rare," said Lacamp. Wednesday proved to be one of Wall Street's best days in history after President Trump said he would place a 90-day pause on his "reciprocal tariffs." The Dow surged 7.9%, the S&P 500 climbed 9.5%, and the Nasdaq jumped 12.2%. "The lion's share of the move happened within 20 minutes of the announcement on the tariffs," said Lacamp to CBS News Texas. Lacamp admits the stock market is now in a state of volatility. "It's not unprecedented, but it's very unusual. We've seen a lot of big moves in the past," said Lacamp. "What's really going on is a massive amount of uncertainty tied to a stock market that was at an all-time high. When you have that much uncertainty, it can cause too much volatility in the stock market. So, for most people, don't worry about it so much and use that volatility to your advantage." What would be your biggest piece of advice for the North Texans watching at home? "I think now's a good time to take a deep breath and say, okay, 'what do I want to do from here?'" said Lacamp. "And for those trying to build wealth, they're still going to be better off riding through the volatility that the stock market always brings. Sometimes we forget that it brings in a lot of wealth. People forgot because we had a couple of really good years in the market. But it always happens." Lastly, though the nation is in a time of uncertainty, Lacamp says you can be certain about the stock market's history. "So, this too shall pass. The stock market in the United States has been a great place to invest for over 200 years, and this is not going to change. This is all very, very short-term, ephemeral in nature," he said.
South China Morning Post
28-03-2025
- Sport
- South China Morning Post
Hong Kong-born star shining for United States at Sevens, eyes Olympic glory in 2028
Lucas Lacamp, the former Hong Kong under-20 international, said his decision to switch allegiance to the United States had been validated by the prospect of going for gold at a home Olympics in 2028. Advertisement The 23-year-old Lacamp was one of two Hong Kong-born players who shone in foreign colours on day one of the Cathay/HSBC Hong Kong Sevens, after Flo Symonds, on her tournament bow, impressed for Canada. Both players called for the hosts to figure in future Hong Kong Sevens as invited teams. The athletic Lacamp qualified for the US after studying at the University of California, and made his full international debut in December 2022. When he moved Stateside, he fell out of the Hong Kong reckoning because of a now defunct rule that dictated players must live in the city to gain selection. After a substantial turnover of players following last summer's Olympics, where Lacamp made his Games debut, the US have had a rotten 2024-25 HSBC SVNS Series. Lacamp, who scored a try in his team's opening 26-21 loss to Fiji, before they were beaten 52-5 by Argentina, was adamant that 'we don't care what other people think, as long as we know we're progressing'. Lacamp tries in vain to stop Isikeli Basiyalo touching down for Fiji. Photo: Elson Li 'Considering the players we've lost [including two-time world player of the year Perry Baker] we're in a great place,' added Lacamp, whose side are 11th out of 12 in the series standings. 'Long-term, we're thinking about Los Angeles 2028. We don't mind about our results, as long as we're progressing.
