Author: Chris Clark

Wall Street hates uncertainty. But that’s exactly what investors are wrestling with as President Donald Trump doubles down on his aggressive tariff policies.

Tariffs, essentially taxes on imports, are designed to level the trade playing field and protect domestic industries.

But they raise costs for businesses and consumers, disrupt global supply chains and strain diplomatic relationships. All this shakes investor confidence, leading to volatility and downturns on Wall Street.

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Within two days of Trump’s global tariffs announcement, the S&P 500 tumbled 13% — well into correction territory. Economists are ramping up their recession forecasts

Could his trade war tip the stock market into a full-blown meltdown? History suggests things could definitely get much worse.

How the S&P 500 behaves in a recession

The S&P 500 tracks 500 large U.S. companies that represent 80% of U.S. equity market value. Its performance is often synonymous with "the market," making it a core holding in 401(k)s, IRAs, and target-date funds.

The index typically sees significant declines during economic downturns. For instance, the S&P plummeted by 49% during the tech bubble burst in the early 2000s, by 57% during the Great Recession (2007–2009), and saw a swift 34% decline during the relatively brief COVID-19 crash in 2020.

What these historical insights suggest is that the current dip could be the tip of the iceberg. Investors could face serious financial setbacks.

Older investors might find their retirement nest eggs shrinking at the very moment they planned to rely on them, triggering anxiety and difficult decisions.

Panic? How to handle your investments now

As stock markets plummet, many investors’ first instinct is to pull money out and stash it in cash or safer assets. But timing the market — trying to predict peaks and troughs — is notoriously challenging and typically backfires.

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Instead, consider these smarter, more strategic moves:

• Stay diversified. Spread your investments across asset classes — stocks, bonds, cash, real estate — to mitigate risks. If one sector tanks, your entire portfolio won’t go down with it.
• Evaluate your risk tolerance. Are you losing sleep over market swings? You might be overexposed to stocks. Consider shifting to bonds or other safer, income-generating investments to provide stability.
• Don’t stop investing. If you’re younger, a downturn can actually benefit your portfolio long-term as you can buy shares at discounted prices. Taking advantage of dollar-cost averaging as you continue to invest regularly means you’re setting yourself up for greater returns when markets rebound.

Nearing retirement? How to protect your nest egg

If you’re close to retirement, market turmoil feels particularly personal and understandably scary. A big market drop is devastating when you’re planning to rely on your investments soon. But panic selling can lock in losses permanently.

Instead, take proactive steps to safeguard your retirement funds,

• Review your allocation. Typically, as you approach retirement, your portfolio should shift toward lower-risk investments. Consider moving a larger portion into bonds, treasure securities or high-quality dividend stocks that tend to be less volatile.
• Maintain liquidity. Keep enough cash or easily accessible funds to cover at least two years of living expenses. This approach means you won’t be forced to sell investments at unfavorable prices to meet immediate financial needs.
• Consider professional advice. If you don’t already have a financial advisor, now might be the time. A professional can provide personalized strategies tailored specifically to your retirement goals and comfort with risk.

Investors at every stage – whether young and growing their wealth or nearing retirement – can and should take proactive, thoughtful measures to recession-proof their portfolios.

Ultimately, the key is balance. Don’t overreact, but don’t underestimate the potential risks.

With strategic diversification, regular investment habits, and professional guidance, you can navigate the turbulence ahead, protecting your finances against the fallout from Trump’s tariff turmoil.

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This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

Just as recession whispers grow louder and market uncertainty sends investors scrambling, legendary investor Ray Dalio has dropped a potential solution for the fearful seeking safety: an exchange-traded fund (ETF) based on his renowned "All Weather" portfolio strategy.

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Launched in collaboration with State Street Global Advisors, the SPDR Bridgewater All Weather ETF (ALLW) aims to shield investors from market volatility through Dalio’s approach that typically allows for only about 30% allocation to stocks.

With fears of an economic downturn mounting, is now the perfect moment to follow Dalio’s cautious footsteps?

Dalio isn’t just any Wall Street investor. He’s the billionaire founder of Bridgewater Associates, one of the world’s largest and most successful hedge funds. Known for his bold insights, impressive track record and investing innovations, he has become a financial guru revered for anticipating crises with uncanny accuracy.

The ETF website says this offering "democratizes access to an innovative take on asset allocation." Bridgewater provides a daily model portfolio to the fund manager that then makes any trades required. From its inception on March 5 to March 31, the assets under management grew to almost $110 million.

Markets are trembling and Dalio’s timing couldn’t be more provocative.

Decoding the All Weather strategy

Created in 1996, Dalio’s All Weather portfolio isn’t flashy; it’s methodical and built for resilience. The approach hinges on risk management through asset diversification designed to perform well in any economic environment – boom, bust, inflation, or deflation. Specifically, Dalio suggests an allocation that looks something like this:

• 30% stocks: Primarily for growth, but deliberately kept low to limit volatility.
• 40% long-term bonds and 15% intermediate bonds: Providing stability and cushioning against deflation or economic downturns.
• 7.5% gold: An inflation hedge and safe haven during crises.
• 7.5% commodities: Diversification to guard against inflationary spikes.

A peek inside ALLW

The newly launched ALLW ETF appears to follow Dalio’s allocation strategy.

As of the end of March 2025, less than 30% its assets are in equities, namely the SPDR Portfolio S&P 500 ETF (SPLG), the SPDR Portfolio Emerging Markets ETF (SPEM) and the SPDR S&P China ETF (GXC).

The remainder splits among treasury bonds of varying maturities, gold exposure, and diversified commodity positions – echoing Dalio’s classic defensive stance.

In essence, the ALLW ETF is a turnkey version of Dalio’s approach, accessible with just a few clicks rather than requiring individual investors to manage complex allocations manually.

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Is it right for you?

The portfolio has delivered average annual returns of 4.4% in the last decade, compared to around 10% for the S&P 500, according to PortfoliosLab, proving that playing it safe is costly during periods that see stock market exuberance.

Dalio’s approach does have an impressive track record during crises. In his Of Dollars and Data blog, Nick Maggiulli noted the All Weather Portfolio "has more dependable real returns and less severe drawdowns than other traditional portfolios." He found it declined less than the balanced 60/40 (U.S. Stock/Bond) portfolio during the Great Financial Crisis and COVID crash. It also outperformed the S&P 500 and the 60/40 portfolio in a high inflation environment (1970s) and a low growth environment (2000s).

It’s not a universal panacea. Investors should carefully weigh the pros and cons and speak to a financial adviser to decide whether it’s right for them. Let’s consider the advantages first:

Risk management

Maggiulli emphasizes the strategy’s strength, noting it provides peace of mind during market crashes. Its steady returns and lower volatility make it particularly attractive for investors nearing retirement or those with low risk tolerance.

Stress-free investing

The ETF simplifies investing, offering a "set-it-and-forget-it" strategy ideal for investors overwhelmed by managing multiple investments.

Now the risks.

Returns during bull markets

With only around 30% or lower of equity exposure, the All Weather portfolio inevitably lags during strong market rallies. Younger investors with longer investment horizons might find this conservative approach limiting.

Bond and inflation risk

Given current interest rate volatility and inflation uncertainties, heavy exposure to long-term bonds could pose risks if rates rise faster or higher than anticipated.

Lack of personalization

Investing in an ETF removes flexibility for tailored investment decisions. Investors with specific financial goals or ethical investing preferences might find this limiting.

Cost

Investors should consider that the All Weather ETF has an expense ratio of 0.85%, which is much higher than the average fee for funds. The three equity index funds it contains all have much lower expense ratios.

Should you follow Dalio’s lead?

Dalio’s timing certainly raises eyebrows. With an uncertain economy and recession fears intensifying, his conservative, defensive stance might appeal broadly. Maggiulli captures this sentiment succinctly: “This was the key idea for Dalio and Bridgewater – find something that works no matter what the future holds."

For cautious investors, especially those nearing retirement, embracing Dalio’s strategy through ALLW could be an intelligent move, offering stability when markets seem unpredictable. However, younger, more aggressive investors may prefer strategies emphasizing growth, even at higher risk.

Ultimately, the decision to follow Dalio now hinges on your risk tolerance, time horizon, and faith in the market’s immediate future. But one thing’s undeniable: as storm clouds gather over the economic landscape, Dalio’s All Weather ETF may provide a safe harbor in a storm, proving once again why investors worldwide listen closely when he speaks.

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This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

Sometimes what leaders don’t say speaks the loudest. So, when U.S. President Donald Trump recently refused to rule out a recession amid a wave of price-increasing tariffs and stubborn inflation, it sent a clear message: economic pain might be part of the plan whether America wants it or not.

When Trump sat for an interview with Fox News in March and refused to rule out a recession, his answer — coupled with his Cabinet’s insistence that short-term pain could be worth it in the long run — has sparked fresh anxiety among consumers and economists already bracing for impact.

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“I hate to predict things like that,” Trump said when asked by Fox host Maria Bartiromo about a recession. “There is a period of transition because what we’re doing is very big. We’re bringing wealth back to America. That’s a big thing … it takes a little time, but I think it should be great for us."

Cabinet members have echoed their boss, arguing that short-term economic pain caused by tariffs on international imports and slashing federal spending would create long-term gains.

That framing has hit a nerve. After all, recessions are more than abstract economic concepts: They mean job losses, tightened budgets and financial stress for millions. Here’s how to protect yourself.

Below the surface of Trump’s words

The backdrop to these remarks is crucial. Persistent inflation has consumers facing price hikes at grocery stores and retail shops, and housing affordability remains a challenge. Trump and his team argue that aggressive fiscal changes — including cutting federal programs and taking a hard line on trade via tariffs — are necessary corrections.

Suggestions of short-term collateral damage have unnerved many economists, who worry that Trump’s tariffs will elevate inflation, stunt growth and increase recession risks. Goldman Sachs reportedly has raised its recession probability to 35%, citing tariffs as a significant factor.

Deep cuts to government spending is already reducing economic activity and has cost tens of thousands of federal workers their jobs. Broad tariffs are expected to significantly increase the prices of imported goods on everything from electronics to cars, hitting consumers and businesses alike.

Still, regardless of whether Trump’s policies result in a recession, proactively recession-proofing your finances is prudent. Here are three straightforward strategies to fortify your financial health against an extended downturn.

Diversify your investments — smartly

If recession fears become reality, diversified investments can shield your savings from significant losses. Rather than placing all your financial eggs into one basket, consider spreading your assets across multiple investment types:

Dividend-paying stocks: Companies that reliably pay dividends — especially in stable sectors like health care, consumer staples and utilities — typically perform better during economic downturns.

Bonds: Treasury and investment-grade corporate bonds offer steady returns and reduced volatility compared to stocks, providing crucial financial stability during turbulent times.

Real estate: Historically, real estate investments — [especially rental properties]( — often weather recessions well, providing both appreciation potential and steady rental income. The key here is not just diversification, but intentional diversification toward assets known for resilience in uncertain economic climates. You may want to consult with a financial advisor to calibrate your portfolio to your risk tolerance and financial goals.

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Trim non-essential spending and build savings

In booming economies, it’s easy to overlook how quickly unnecessary expenses add up. When recession risks loom, now is the time to ruthlessly assess your spending habits: Audit your budget: Go line by line and identify subscriptions, services or discretionary purchases you can either downgrade or eliminate entirely.

Boost emergency savings: Aim to build a safety net of three to six months’ living expenses. Cash reserves offer a vital buffer, keeping you afloat if your income is reduced or interrupted during a recession.

By proactively cutting non-essential spending, you create flexibility in your monthly budget, positioning yourself to weather economic shocks with greater confidence.

Prioritize paying down high-interest debt

High-interest debt can become crushing when economic conditions tighten. As borrowing rates spike during a recession, carrying significant debt can rapidly spiral out of control. Therefore, prioritizing debt repayment now is a critical protective step:

Target credit card balances first: These typically carry the highest interest rates, draining significant portions of your income. Implement strategies like the “avalanche method,” paying down debts starting with the highest interest rates.

Refinance wisely: If possible, consider refinancing high-interest loans into lower-interest options, reducing your monthly payments and overall debt burden. But act quickly — refinancing becomes harder and less favorable as recessions take hold.

Proactively attacking debt not only saves significant money in interest payments but also boosts your financial resilience, giving you greater flexibility if economic hardship strikes.

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This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

Are you an American planning to stay at the Hotel California? Well, bring your alibis — and maybe your passport too.

For the third time, supporters of what’s known as “CalExit” are attempting to get a measure on the ballot that asks California voters a once unthinkable question: Should the state secede from the United States and become its own nation?

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The question has failed twice before, but movement leader Marcus Ruiz Evans has managed to shepherd the initiative to the signature-collection phase. And he says he believes the third time might be the charm.

His reasoning? The current presidential administration and American Republicans “hate” California.

“Republicans now hate us in California more than ever. The hate was palpable in 2016. But now it’s palpable and focused,” Evans told the San Francisco Standard. Between the state’s severe political divide with the current administration and President Trump’s response to the devastating wildfires in January, Evans says Californians are fed up.

So, as Billy Joel rues in his eponymous song, is it really time for America to “say goodbye to Hollywood”?

How could CalExit happen?

Secession appears highly unlikely. The legal and political hurdles would be immense. But does that mean CalExit has no shot at all?

Secession attempts have happened before — the most famous being the Confederate States during the Civil War and Texas’s bid to break away, both in the 1800s. Both were declared illegal.

Still, while the idea sounds extreme, 61% of Californians say the state would actually be “better off” if it seceded peacefully, according to the January 2025 Independent California Poll from YouGov. At the same time, 62% of respondents said they didn’t think a peaceful and legal break-up would be possible.

The California Constitution says the state “is an inseparable part of the United States of America” and affirms that the U.S. Constitution is the supreme law of the land. Notably, the U.S. Constitution neither grants nor explicitly prohibits states from seceding — an omission that has fueled debates since the 19th century over whether secession is an inherent state right.

Evans faces an uphill battle to get the question on the 2028 ballot. He needs at least 545,000 valid signatures by July. Even if he gets them, bigger hurdles await: If 55% of voters approve the initiative, a commission would be formed to analyze whether California could function as an independent nation.

Key questions for the commission:

• Could it govern itself?
• Could it sustain its own economy?

Even if the commission said yes, the debate wouldn’t end there. The federal government isn’t obligated to honor the results or recommendations. A legitimate path to secession would likely require a constitutional amendment — meaning approval by Congress and 38 states.

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Could CalExit work?

Let’s say the Golden State clears all the voting hurdles, survives a constitutional change and legally declares itself independent. Could it sustain itself?

Consider California’s economic might: its $3.9 trillion GDP in 2023 places it among the top five economies in the world. The state is home to global tech giants like Apple and Google, vast agricultural operations and it’s chock full of more Fortune 500 companies than any other US state.

On top of all that, California controls the entire Pacific coastline, giving it access to vital trading ports. And, of course, there’s the entertainment behemoth that is Hollywood.

Still, the state would face major adjustments. It would need to establish new trade agreements and tariffs to keep global imports and exports flowing. Businesses might experience supply chain disruptions and the loss of federal subsidies. (Would President Trump slap tariffs on a newly seceded California?)

The state would have to establish its own military, build new diplomatic ties and govern a population of 39 million people speaking hundreds of languages and practicing religions and cultural traditions.

A new California Republic is unlikely — but the idea is clearly on many people’s minds. Is it more than just California Dreaming? Time will tell.

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Thinking of selling your home? Mark your calendar: Your window of opportunity is right around the corner.

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Property listing site Realtor.com’s latest data points squarely at this narrow timeframe as the ideal moment to list your home in 2025. But what’s so special about that particular week, and more importantly, why should you care?

Selling your home at the right time involves combining convenience, maximizing profit and minimizing hassle. According to Realtor.com’s annual analysis, homes listed during the sweet spot of April 13–19 will see market conditions that favor sellers and may sell quicker and at premium prices. Let’s explore why.

Why this week could mean more cash in your pocket

Mid-April is traditionally the heart of the spring home-buying season. Buyers are shaking off the winter doldrums, tax refunds are hitting bank accounts, and the weather is finally cooperating. According to the report, the benefits of listing during this week may include above-average prices, above-average buyer demand, quicker market pace, lower competition from other sellers and below-average price reductions.

Historically during Realtor’s best week to sell, views per listing spike by nearly 18% versus the average week, dramatically increasing your home’s visibility and the likelihood of competitive bidding. Homes during this week have historically reached prices 1.1% higher than the average week throughout the year, and are typically 6.7% higher than the start of the year. Homes actively for sale during this week sold 17%, or roughly 9 days, faster than the average week.

“After two years of high rates … it is likely that buyers will trickle into the market this spring, enticed by improved inventory and slowing price growth across much of the country,” Realtor.com senior economic research analyst Hannah Jones wrote in the site’s report. “If mortgage rates also fall this spring, it is possible that demand will surge sooner and with more vigor.”

Market dynamics

Nobody enjoys weeks of open houses and price reductions. Homes listed during this targeted week spend fewer days on the market compared to those listed at other times, Realtor.com says, reducing the inconvenience and stress of keeping your home perpetually showroom-ready.

But here’s the catch: 2025’s housing market isn’t what it used to be.

After years of sellers having nearly all the power, the market dynamics are shifting noticeably.

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CNN reports that sellers are gradually losing the upper hand they enjoyed throughout the post-pandemic boom. Buyers now have more negotiating leverage, and competition among sellers is heating up.

Additionally, economic indicators suggest that home price growth is slowing. Zillow says home values are projected to increase by just 0.6% this year, a marked slowdown compared to increases of previous years. For homeowners aiming to capitalize on maximum equity, this could signal that the peak window for securing top-dollar sales is narrowing.

Buyer confidence and interest rates

Another major factor shaping the 2025 market is interest rates. While mortgage rates have stabilized somewhat after dramatic hikes in previous years, they remain elevated enough to impact buyer affordability. Currently the average 30-year fixed mortgage rate is 6.6%, far above the pandemic lows of 2-3%.

With those higher rates, buyers will scrutinize home values and look for the best deals. Listing your home at the ideal time, when buyer confidence is peaking, can dramatically increase your odds of sealing a quick and profitable sale.

To fully harness the benefits of this prime selling window, preparation is key. Real estate experts strongly advise completing all home repairs, staging your property attractively, and ensuring your pricing strategy aligns with current market trends.

Remember, the most successful sales occur when homes are priced competitively from the outset, leveraging initial buyer enthusiasm to drive bidding wars rather than relying on price cuts.

As market dynamics shift further away from a pure seller’s advantage, timing your home sale strategically will become increasingly critical. The once-automatic assumption that homes always appreciate rapidly may no longer hold true. Sellers who previously waited casually for better offers may now find that patience doesn’t always equal profit.

Realtor.com’s message for homeowners considering a sale in 2025 is clear: Strike while the iron is hot. The week of April 13–19 may be a golden opportunity in a rapidly shifting market. With peak buyer demand, limited competition, and signs of cooling price appreciation, missing this ideal window could mean leaving serious cash on the table.

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• Nearly 1 million Americans have a net worth of at least $10,000,000 — here are 3 ‘quiet’ ways the ultra-wealthy grow their riches (and how you can join the club ASAP)

This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

If you’ve been following the plans of the Trump administration, you’ve likely heard a lot about DEI – diversity, equity, and inclusion.

DEI programs focus on ensuring fair treatment and equal participation for everyone, particularly targeting biases against marginalized groups in workplaces, college campuses, and organizations. But the Trump administration wants DEI gone, labeling DEI government programs “radical” and “wasteful.”

Tesla CEO Elon Musk’s Department of Government Efficiency (DOGE) has regularly used the term in its updates about "wasteful" contracts and grants it has cancelled.

Now, there’s a new acronym grabbing attention – MEI, short for merit, excellence, and intelligence. Harvard economist Roland Fryer dubbed MEI "the new corporate rage" in a recent op-ed for The Wall Street Journal.

So is MEI writing DEI’s obituary?

What exactly is MEI?

MEI advocates for hiring candidates strictly based on merit, excluding factors like race, gender, age, or ethnicity from the equation. Fryer describes this shift as "refreshing," and supporters argue the approach naturally fosters diversity because the best talent inherently includes diverse backgrounds and perspectives.

Scale AI CEO Alexandr Wang, who coined the term, explained on his blog that “a hiring process based on merit will naturally yield a variety of backgrounds, perspectives, and ideas.”

Elon Musk, another prominent MEI supporter, has been notably blunt about his opposition to DEI, tweeting provocatively that “DEI means people DIE.” In response to Wang’s announcement about the MEI hiring policy at Scale, Musk simply tweeted, “great!”

MEI supporters argue that focusing purely on merit is a return to traditional American values like work ethic and individual achievement.

However, critics such as Adia Wingfield, a professor at Washington University in St. Louis, counter that the meritocratic past referenced by MEI proponents never truly existed. Historically, women and people of color faced significant barriers preventing equal workplace opportunities.

According to Wingfield and other experts, DEI initiatives are exactly what’s needed to create a genuine meritocracy. As Wingfield explained to Fortune magazine, “The idea is to move away from a very non-meritocratic past into a future where everyone really does have opportunities.”

Is DEI really on its way out?

Despite aggressive moves by the Trump administration and some business leaders to dismantle DEI departments and even remove the word “diversity” from company websites, national sentiment toward DEI remains surprisingly resilient.

A CivicScience study published in February shows that 63% of Americans still support or feel neutral about DEI efforts. Furthermore, 75% remain concerned about income inequality, suggesting continued public support for initiatives bridging socioeconomic gaps. In its report, Morning Consult said broad support for DEI is still high, with the majority of U.S. adults against decreasing the funding and influence of such programs, but the "often negative messaging originating from the president’s office around diversity and inclusion is working — there are early signs that support for pullbacks is growing."

Surveys from CultureCon and CNBC have shown most employers and entrepreneurs also still support DEI.

While corporations like Target and Google might indicate DEI’s demise, many major companies aren’t ready to abandon their programs. Costco and Apple, for instance, are standing firm on diversity initiatives, even rejecting proposals from conservative think tanks demanding risk assessments of DEI programs.

Brands like Ben & Jerry’s have been particularly outspoken. The ice cream maker boldly declared, “Companies that timidly bow to the current political climate by attempting to turn back the clock will become increasingly uncompetitive in the marketplace.”

DEI behind the scenes

Even businesses scaling back public DEI messaging aren’t necessarily stopping their internal diversity efforts altogether – they may just be keeping a lower profile. According to Amira Barger, a DEI executive and communications professor at California State University, East Bay, companies might avoid public attention yet continue quietly promoting inclusion.

“I do think we will continue to see companies be less vocal, but I think people should take a pause and really ask more questions, because I do think many of these companies are still quietly doing the work behind the scenes,” Barger told CNBC.

Businesses may recognize tangible benefits of DEI initiatives beyond just optics or compliance. Moreover, advocates say DEI is essential for employee morale and productivity. Economic consulting firm Berkshire highlights that robust DEI programs lead to improved employee retention and collaboration and make workplaces more innovative and responsive to customer needs.

While the political landscape might challenge DEI’s visibility, its persistence in the workplace in the face of stiff political opposition suggests many organizations aren’t willing to let it go.

This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

U.S. shipyards built thousands of cargo ships during World Wars I and II. In the 1970s, they built about 5-25 new ships per year. In the 1980s, this number fell to around 5 ships a year, and it has stayed there ever since, according to a 2023 Congressional Research Service report.

Meanwhile, China has rapidly grown its industry with government subsidies and state planning. It replaced South Korea to become the world’s leading shipbuilder in 2010, and currently builds hundreds of ships a year. Its market share went from less than 5% in 1999 to more than 50% in 2023, according to the U.S. Trade Representative (USTR), which said it was attained by unfair means and hurt American interests.

China’s largest state-owned shipbuilder built more commercial vessels by tonnage in 2024 than the entire U.S. shipbuilding industry has built since the end of World War II, according to a recent report from the Center for Strategic and International Studies.

The authors also highlighted the fact that this market dominance has been boosting the country’s navy. "Foreign companies are inadvertently helping to propel China’s naval buildup by buying Chinese-made ships and sharing dual-use technologies with Chinese shipyards," they wrote.

But President Donald Trump says it’s finally time to "resurrect" America’s shipbuilding sector – and investors are already placing their bets on one company poised to benefit significantly.

Trump’s promise

In a recent address, Trump signed a bold executive order aimed squarely at reviving American shipbuilding. Central to this strategy is the establishment of an Office of Shipbuilding in the White House, tasked with streamlining policy, cutting red tape, and revitalizing domestic maritime production. Special tax incentives will also be offered.

"We are also going to resurrect the American shipbuilding industry, including commercial shipbuilding and military shipbuilding," Trump said during his recent address to Congress. “We used to make so many ships. We don’t make them anymore very much, but we’re going to make them very fast, very soon, it will have a huge impact.”

Adding teeth to this ambitious strategy, the U.S. Trade Representative (USTR) has proposed steep penalties – up to $1.5 million per vessel – on Chinese-built ships docking at American ports. Any shipping firm with at least one order on the books for a vessel made in China would also have to pay a fee. These fees would apply to 90% of the world’s vessels, according to the World Shipping Council.

The message is clear: Trump intends to challenge China’s maritime dominance head-on, part of a larger conflict centered on trade.

Various carriers, industries and trade associations are currently opposing this proposal, according to CNBC. Skeptics of Trump’s plan suggest the available labor pool can’t address today’s demand – nevermind a new wave of building meant to counter China’s dominance. “We’re trying to get blood from a turnip,” Government Accountability Office analyst Shelby Oakley told ProPublica. “The domestic workforce is just not there.”

Investors eye a key stock

Investors, sensing the shift in tides, are eyeing one company in particular as a way to seize on the renewed focus on shipbuilding: Huntington Ingalls Industries (HII).

The Virginia-based shipbuilder is America’s largest military shipbuilding firm, renowned for constructing nuclear-powered aircraft carriers, submarines, and amphibious assault ships. HII is uniquely positioned to capitalize on Trump’s new maritime initiative.

Following Trump’s announcement, Huntington Ingalls Industries, which reported $11.5 billion in revenue in 2024, saw its stock surge significantly.

Investors have poured into HII, betting the company stands to gain tremendously from Trump’s shipbuilding push. HII stock is up almost 20% in the last month, reflecting growing investor enthusiasm and confidence in the company’s prospects.

But challenges still loom large on the horizon.

Analysts caution that while Trump’s tariffs on Chinese vessels might seem like a decisive strike against foreign competition, they could inadvertently drive up shipping costs, impacting consumers through higher prices and potentially escalating trade tensions.

Meanwhile, rebuilding America’s shipyards and skilled workforce will require substantial, sustained investment beyond short-term policy shifts.

Despite these concerns, Trump remains bullish, and investors appear convinced that a revival is possible. Huntington Ingalls Industries stands ready to ride this wave of optimism and strategic backing.

Whether or not Trump’s ambitious vision for American shipbuilding ultimately succeeds remains uncertain. Yet, there’s renewed enthusiasm for the U.S. maritime industry – enough to spark investor enthusiasm and potentially shift the balance of maritime power back toward American shores.

This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

Thinking of selling your home? Mark your calendar: Your window of opportunity is right around the corner.

Property listing site Realtor.com’s latest data points squarely at this narrow timeframe as the ideal moment to list your home in 2025. But what’s so special about that particular week, and more importantly, why should you care?

Selling your home at the right time involves combining convenience, maximizing profit and minimizing hassle. According to Realtor.com’s annual analysis, homes listed during the sweet spot of April 13–19 will see market conditions that favor sellers and may sell quicker and at premium prices. Let’s explore why.

Why this week could mean more cash in your pocket

Mid-April is traditionally the heart of the spring home-buying season. Buyers are shaking off the winter doldrums, tax refunds are hitting bank accounts, and the weather is finally cooperating. According to the report, the benefits of listing during this week may include above-average prices, above-average buyer demand, quicker market pace, lower competition from other sellers and below-average price reductions.

Historically during Realtor’s best week to sell, views per listing spike by nearly 18% versus the average week, dramatically increasing your home’s visibility and the likelihood of competitive bidding. Homes during this week have historically reached prices 1.1% higher than the average week throughout the year, and are typically 6.7% higher than the start of the year. Homes actively for sale during this week sold 17%, or roughly 9 days, faster than the average week.

“After two years of high rates … it is likely that buyers will trickle into the market this spring, enticed by improved inventory and slowing price growth across much of the country,” Realtor.com senior economic research analyst Hannah Jones wrote in the site’s report. “If mortgage rates also fall this spring, it is possible that demand will surge sooner and with more vigor.”

Market dynamics

Nobody enjoys weeks of open houses and price reductions. Homes listed during this targeted week spend fewer days on the market compared to those listed at other times, Realtor.com says, reducing the inconvenience and stress of keeping your home perpetually showroom-ready.

But here’s the catch: 2025’s housing market isn’t what it used to be.

After years of sellers having nearly all the power, the market dynamics are shifting noticeably.

CNN reports that sellers are gradually losing the upper hand they enjoyed throughout the post-pandemic boom. Buyers now have more negotiating leverage, and competition among sellers is heating up.

Additionally, economic indicators suggest that home price growth is slowing. Zillow says home values are projected to increase by just 0.6% this year, a marked slowdown compared to increases of previous years. For homeowners aiming to capitalize on maximum equity, this could signal that the peak window for securing top-dollar sales is narrowing.

Buyer confidence and interest rates

Another major factor shaping the 2025 market is interest rates. While mortgage rates have stabilized somewhat after dramatic hikes in previous years, they remain elevated enough to impact buyer affordability. Currently the average 30-year fixed mortgage rate is 6.6%, far above the pandemic lows of 2-3%.

With those higher rates, buyers will scrutinize home values and look for the best deals. Listing your home at the ideal time, when buyer confidence is peaking, can dramatically increase your odds of sealing a quick and profitable sale.

To fully harness the benefits of this prime selling window, preparation is key. Real estate experts strongly advise completing all home repairs, staging your property attractively, and ensuring your pricing strategy aligns with current market trends.

Remember, the most successful sales occur when homes are priced competitively from the outset, leveraging initial buyer enthusiasm to drive bidding wars rather than relying on price cuts.

As market dynamics shift further away from a pure seller’s advantage, timing your home sale strategically will become increasingly critical. The once-automatic assumption that homes always appreciate rapidly may no longer hold true. Sellers who previously waited casually for better offers may now find that patience doesn’t always equal profit.

Realtor.com’s message for homeowners considering a sale in 2025 is clear: Strike while the iron is hot. The week of April 13–19 may be a golden opportunity in a rapidly shifting market. With peak buyer demand, limited competition, and signs of cooling price appreciation, missing this ideal window could mean leaving serious cash on the table.

This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

Just as recession whispers grow louder and market uncertainty sends investors scrambling, legendary investor Ray Dalio has dropped a potential solution for the fearful seeking safety: an exchange-traded fund (ETF) based on his renowned "All Weather" portfolio strategy.

Launched in collaboration with State Street Global Advisors, the SPDR Bridgewater All Weather ETF (ALLW) aims to shield investors from market volatility through Dalio’s approach that typically allows for only about 30% allocation to stocks.

With fears of an economic downturn mounting, is now the perfect moment to follow Dalio’s cautious footsteps?

Dalio isn’t just any Wall Street investor. He’s the billionaire founder of Bridgewater Associates, one of the world’s largest and most successful hedge funds. Known for his bold insights, impressive track record and investing innovations, he has become a financial guru revered for anticipating crises with uncanny accuracy.

The ETF website says this offering "democratizes access to an innovative take on asset allocation." Bridgewater provides a daily model portfolio to the fund manager that then makes any trades required. From its inception on March 5 to March 31, the assets under management grew to almost $110 million.

Markets are trembling – the S&P 500 recently entered correction territory, part of a broader selloff that cut $5 trillion in U.S. stock market value over a three-week period – and Dalio’s timing couldn’t be more provocative.

Decoding the All Weather strategy

Created in 1996, Dalio’s All Weather portfolio isn’t flashy; it’s methodical and built for resilience. The approach hinges on risk management through asset diversification designed to perform well in any economic environment – boom, bust, inflation, or deflation. Specifically, Dalio suggests an allocation that looks something like this:

• 30% stocks: Primarily for growth, but deliberately kept low to limit volatility.
• 40% long-term bonds and 15% intermediate bonds: Providing stability and cushioning against deflation or economic downturns.
• 7.5% gold: An inflation hedge and safe haven during crises.
• 7.5% commodities: Diversification to guard against inflationary spikes.

A peek inside ALLW

The newly launched ALLW ETF appears to follow Dalio’s allocation strategy.

As of the end of March 2025, less than 30% its assets are in equities, namely the SPDR Portfolio S&P 500 ETF (SPLG), the SPDR Portfolio Emerging Markets ETF (SPEM) and the SPDR S&P China ETF (GXC).

The remainder splits among treasury bonds of varying maturities, gold exposure, and diversified commodity positions – echoing Dalio’s classic defensive stance.

In essence, the ALLW ETF is a turnkey version of Dalio’s approach, accessible with just a few clicks rather than requiring individual investors to manage complex allocations manually.

Is it right for you?

The portfolio has delivered average annual returns of 4.88% in the last decade, compared to around 10% for the S&P 500, according to PortfoliosLab, proving that playing it safe is costly during periods that see stock market exuberance.

Dalio’s approach does have an impressive track record during crises. In his Of Dollars and Data blog, Nick Maggiulli noted the All Weather Portfolio "has more dependable real returns and less severe drawdowns than other traditional portfolios." He found it declined less than the balanced 60/40 (U.S. Stock/Bond) portfolio during the Great Financial Crisis and COVID crash. It also outperformed the S&P 500 and the 60/40 portfolio in a high inflation environment (1970s) and a low growth environment (2000s).

It’s not a universal panacea. Investors should carefully weigh the pros and cons and speak to a financial adviser to decide whether it’s right for them. Let’s consider the advantages first:

Risk management

Maggiulli emphasizes the strategy’s strength, noting it provides peace of mind during market crashes. Its steady returns and lower volatility make it particularly attractive for investors nearing retirement or those with low risk tolerance.

Stress-free investing

The ETF simplifies investing, offering a "set-it-and-forget-it" strategy ideal for investors overwhelmed by managing multiple investments.

Now the risks.

Returns during bull markets

With only around 30% or lower of equity exposure, the All Weather portfolio inevitably lags during strong market rallies. Younger investors with longer investment horizons might find this conservative approach limiting.

Bond and inflation risk

Given current interest rate volatility and inflation uncertainties, heavy exposure to long-term bonds could pose risks if rates rise faster or higher than anticipated.

Lack of personalization

Investing in an ETF removes flexibility for tailored investment decisions. Investors with specific financial goals or ethical investing preferences might find this limiting.

Cost

Investors should consider that the All Weather ETF has an expense ratio of 0.85%, which is much higher than the average fee for funds. The three equity index funds it contains all have much lower expense ratios.

Should you follow Dalio’s lead?

Dalio’s timing certainly raises eyebrows. With an uncertain economy and recession fears intensifying, his conservative, defensive stance might appeal broadly. Maggiulli captures this sentiment succinctly: “This was the key idea for Dalio and Bridgewater – find something that works no matter what the future holds."

For cautious investors, especially those nearing retirement, embracing Dalio’s strategy through ALLW could be an intelligent move, offering stability when markets seem unpredictable. However, younger, more aggressive investors may prefer strategies emphasizing growth, even at higher risk.

Ultimately, the decision to follow Dalio now hinges on your risk tolerance, time horizon, and faith in the market’s immediate future. But one thing’s undeniable: as storm clouds gather over the economic landscape, Dalio’s All Weather ETF may provide a safe harbor in a storm, proving once again why investors worldwide listen closely when he speaks.

This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

President Donald Trump‘s newly appointed housing chief has made waves by launching a dramatic shakeup at mortgage giants Fannie Mae and Freddie Mac, potentially reshaping America’s mortgage market.

William Pulte, a private equity executive whose family founded one of the country’s largest homebuilding companies, took charge of the Federal Housing Finance Agency (FHFA) on March 13. The regulator is responsible for overseeing both Fannie Mae and Freddie Mac. Pulte wasted no time in executing a dramatic purge of leadership at both mortgage giants.

According to multiple reports, a number of board members across Fannie Mae and Freddie Mac were swiftly replaced, with Pulte installing himself as chairman of both entities. Freddie Mac’s CEO Diana Reid, a long-serving executive, was also removed — sending a clear message about the scope and seriousness of this transformation.

So, what do these abrupt changes signal for the housing market and the mortgages of millions of American homeowners?

Privatization speculation

Pulte’s bold moves have ignited speculation the Trump administration is pushing to privatize Fannie Mae and Freddie Mac. Both are government-sponsored entities (GSEs) and have been under federal conservatorship since the 2008 financial crisis in which they were bailed out. Together, the companies back 70% of the mortgage market, according to The New York Times. Skeptics believe privatization would make buying a home more expensive in the midst of a housing affordability crisis.

“It would mean that mortgage rates would increase — definitely,” Laurie Goodman, founder of the Housing Finance Policy Center at the Urban Institute, a think tank in Washington, D.C., said to the news publication.

Meanwhile, privatization could be a boon for both investors and the federal government. Depending on the structure of the deal, privatizing could generate billions of dollars in revenue for an administration that’s focused on cutting down wasteful spending across the board. Placing these companies in private hands would also free the government from potential future bailout obligations.

For his part, Pulte has struck a measured tone publicly. He told CNN that “it’s critical to ensure any discussion about exiting conservatorship needs not only to ensure safety and soundness but how it would affect mortgage rates.”

Impact on the housing market

Why do critics think privatizing these entities would increase borrowing rates? Fannie Mae and Freddie Mac don’t directly issue mortgages — rather they buy mortgages from lenders and package them for investors as securities. This maintains cash flow within the mortgage industry, allowing lenders to offer stable, affordable rates, experts say.

But if the federal government no longer backs these entities, their safety net goes with it.

“When the government is backing an entity’s products and services, it helps to reduce risk, especially in the generating of loans,” Alex Beene, financial literacy instructor for the University of Tennessee at Martin, told Newsweek. “Removing it opens the door to higher interest rates for those looking to buy or refinance. It could also lead to more restrictive policies in even getting a loan, as lenders react more cautiously to some buyers.”

Increased rates could affect affordability, particularly for first-time buyers or those with modest incomes already stretched thin by soaring home prices.

As for homeowners with existing mortgages may also be affected if they ever want to refinance their loan. It may be less likely you can reduce your monthly payments if you’re struggling to get by.

The long-term impact of this housing shakeup remain uncertain, however, homebuyers and homeowners could serve themselves well by staying informed so they can navigate potential changes effectively.

This article provides information only and should not be construed as advice. It is provided without warranty of any kind.