EL PASO, Texas (KFOX14/CBS4) — President Trump’s recent reversal on global tariffs has led to a significant upswing in the stock market, with the Dow Jones Industrial Average climbing nearly 3,000 points.
Financial advisor Ruben Guerra, founder of Guerra Registered Advisors, described the current market climate as “hysteria” and “a reaction,” rather than a fundamental issue.
“This is not COVID, you know,” said Guerra, who has been advising clients since 1995. He noted that the volatility is primarily driven by President Trump’s ongoing changes to tariff policy. “I’ve seen every market drop since 1987 and I will have to tell you that this has been one of the most unusual circumstances that I’ve ever witnessed,” Guerra said.
President Trump celebrated the market rally, stating, “We’re winning out there and we’re having a good day in the stock market today, an all-time record day.”
Guerra advised his clients to exercise caution amid the uncertainty. “What I’m telling my clients is, very simply, that, you know, this is the time to hang on only because of the fact that we haven’t really seen much clarity in messaging,” he said. He urged investors to “have the fortitude, have some patience, and let’s let the dust clear.”
Guerra warned against making major financial decisions, such as large purchases or selling stock portfolios, without a clearer understanding of the situation. “I wouldn’t bank on an announcement today being the same tomorrow,” he said. “Today was an example of the absolute reversal of what it was last week.”
One investor, who had considered selling his assets to avoid further losses, expressed relief at the market’s rebound, texting, “I’m just glad I didn’t sell.”
RELATED: El Paso businesses and investors struggle amid tariff-induced market turmoil
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