The stock market experienced significant swings on Monday, causing concern among those nearing retirement.
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The Dow Jones Industrial Average dropped more than 800 points early in the day following new tariff announcements from former President Donald Trump. “Trade policies create uncertainty in the markets, and the stock market doesn’t like uncertainty,” said Dr.
Larry Straub, an associate professor at Newman University. “That’s why stock prices tend to soften up.”
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Despite the initial plunge, the market made a comeback by the afternoon. However, many remain worried about their future retirement plans.
Few will push back against the notion that today was one of the wildest market sessions in an economic and financial world that is NOT subject to a massive exogenous shock and/or institutional failures.
The S&P traded in an eight percentage point range (+3.4% to -4.7%) before…— Mohamed A. El-Erian (@elerianm) April 7, 2025
Straub advises investors not to panic and to avoid selling during downturns. He recommends strategies like dollar-cost averaging and keeping enough cash on hand to cover about a year of expenses.
Market swings concern future retirees
These tariffs are the biggest tax hike in five decades. They’re raising costs on families, creating chaos for businesses, and devastating Arizona retirees. We can’t afford this chaos and confusion from the federal government. https://t.co/WWnBnjSIyC
— Governor Katie Hobbs (@GovernorHobbs) April 7, 2025
“You don’t lose money until you sell,” Straub said. “That’s when you lock in your losses.”
Wichita investor Kevin Cronn is staying calm, even amid the market swings. “I lived through 2008, and that was a big upheaval—but we came through it,” Cronn said.
“In the long run, it’ll pan out.”
Financial advisors say that anyone close to retirement should speak with a professional before making major changes to their portfolio. “Volatility is normal,” Straub said. “Having a plan makes all the difference.”
In related news, Kansas is expected to experience extreme weather conditions, with a Freeze Warning in effect until 8:00 AM CDT.
Sub-freezing temperatures as low as 25 degrees Fahrenheit could damage crops and other sensitive vegetation. Residents are advised to bring tender plants indoors or cover them to protect from the cold. Despite the market’s movements and the cold weather, experts continue to advise calm and planning as the best courses of action.