美国总统唐纳德·特朗普的关税计划延长了美国股市的持续波动

这些发展对投资者的信心造成了损失，这反映在道琼斯指数中，昨天昨天下跌了近500分，在过去两天中得到了1,400分。

US President Donald Trump’s tariff plans and refusal to rule out an economic downturn prolonged the ongoing volatility in US stock markets on Monday.

美国总统唐纳德·特朗普（Donald Trump）的关税计划并拒绝排除经济低迷，这延长了美国股市持续的波动。

These developments took a toll on investor confidence, reflected in the Dow Jones index, which slid by almost 500 points yesterday or 1,400 points in the past two days. Meanwhile, the S&P 500 has declined by 3.62% in the past week to 5,572. At one point, the benchmark index was down 10% from its peak. Furthermore, the Nasdaq Composite tanked by 4% on Monday, marking the worst day since September 2022.

这些发展对投资者的信心造成了损失，这反映在道琼斯指数中，昨天昨天下跌了近500分，在过去两天中得到了1,400分。同时，在过去一周中，标准普尔500指数下降了3.62％，至5,572。在某一时刻，基准指数比其峰值下降了10％。此外，纳斯达克复合材料在周一跌幅4％，标志着自2022年9月以来最糟糕的一天。

Investors are concerned about dynamic trade policies, elevated inflation, and uncertainty over the US Federal Reserve’s plans for interest-rate easing.

投资者担心美国美联储（Federal Reserve）享受利率的计划的动态贸易政策，通货膨胀率提高以及不确定性。

‘What Trump has been doing has not been helpful for US equity markets,’ said Neil Dutta of Renaissance Macro Research. ‘For now, I don't see a recession. We've never really had a recession from policy uncertainty itself. And, we don't yet know how markets would respond if Trump's escalation now results in de-escalation later.’

文艺复兴时期宏观研究的尼尔·杜塔（Neil Dutta）表示：“特朗普所做的事情对美国股票市场并不有帮助。” “就目前，我看不到经济衰退。我们从来没有真正遇到过政策不确定性的经济衰退。而且，如果特朗普的升级现在稍后导致升级，我们还不知道市场会如何回应。”

Market participants are also waiting for the February US inflation report today. Bloomberg estimated that the consumer price index (CPI), excluding food and energy, would rise 0.3% for February, keeping annual price growth elevated.

市场参与者还在等待今天2月的美国通货膨胀报告。彭博社估计，不包括食品和能源的消费者价格指数（CPI）将在2月上涨0.3％，使年度价格增长升高。

‘There's just an enormous amount of uncertainty around the economy right now as we watch the early days of the new administration play out,’ said Matt Schulz, chief credit analyst at LendingTree. ‘People don't have any idea what things will look like in three to six months, and that's really unnerving.’

Lendingtree首席信用分析师Matt Schulz表示：“当我们观看新政府的早期发挥作用时，目前，经济上只有很大的不确定性。” “人们不知道三到六个月内会是什么样，这确实令人不安。”

Avoid Panic Selling

避免恐慌出售

Many investors sell their assets during a market crash, making irreversible emotional trades that impact their long-term financial goals. However, Bone Fide Wealth president and CFP Douglas Boneparth said that long-term investors should know that ‘volatility is part of the game,’ adding that investors are ‘seeing the market more or less whiplash’ based on what Trump says every other day.

许多投资者在市场崩溃中出售其资产，从而使不可逆转的情感交易影响了他们的长期财务目标。但是，Bone Fide财富总裁兼CFP Douglas BoneParth表示，长期投资者应该知道“波动是游戏的一部分”，并补充说，根据特朗普每隔一天的话，投资者正在“或多或少地看到市场”。

He urged investors to focus on what they can control, such as reassessing portfolio allocations, revisiting investing strategies, controlling impulsive feelings, and concentrating on improving their ability to stay the course.

他敦促投资者专注于他们可以控制的内容，例如重新评估投资组合分配，重新审视投资策略，控制冲动的感觉，并专注于提高他们的课程能力。

Meanwhile, Oaktree Financial Advisors co-founder Ed Snyder asked investors to avoid letting their ‘emotions wreck’ their investments. He explained that advisers develop portfolios by leveraging years of experience and intuition while keeping in mind the client’s risk tolerance and life goals. Snyder added that if one’s investment goals haven’t changed, there is no need to react to stock market fluctuations.

同时，Oaktree Financial Advisors联合创始人Ed Snyder要求投资者避免让他们的“情绪破坏”他们的投资。他解释说，顾问通过利用多年的经验和直觉来发展投资组合，同时牢记客户的风险承受能力和生活目标。 Snyder补充说，如果一个人的投资目标没有改变，则无需对股票市场波动做出反应。

Maintain A Cash Reserve

维持现金储备

Boneparth suggested that investors should try to maintain cash reserves for six to nine months of living expenses in case of emergencies or any surprise market opportunities that may arise after an economic upheaval. ‘Nothing helps navigate rough markets like having a healthy margin of safety,’ he said.

BoneParth建议，如果在紧急情况下或经济动荡之后可能出现的任何惊喜市场机会，投资者应试图维持六到九个月的生活费用的现金储备。他说：“没有什么可以帮助艰难的市场，例如拥有健康的安全余地。”

The adviser added that the ‘silver lining’ to stock market dips is that investors could find ‘quality companies or indices at discounted prices’ and use part of the cash reserves to invest.

顾问补充说，股票市场上的“白银一路”下降是，投资者可以找到“以折扣价的质量公司或指数”，并利用一部分现金储备进行投资。