U.S. equities suffered their worst two day drop since March 2020 late last week in the wake of Wednesday’s tariff announcements and a quick response from China to fire back with its own matching retaliatory tariff of 34% on U.S. goods.

Regional and community banks offer a viable alternative to big banks amid rising discontent and mistrust in traditional banking.

Yesterday, President Trump announced his long-awaited tariffs on U.S. trading partners that will raise the effective tariff rate to levels not seen since the 1930s. Markets are reacting sharply to the news as the import duties are more onerous than broadly anticipated, and the announcement created more questions than answers as investors gauge the responses from trading partners and consider the longer-term implications.

The volatile ride in U.S. equity markets continued last week as tariff concerns remained front and center on the minds of investors as well as consumers ahead of the White House’s scheduled tariff announcements to be released April 2nd.

Following a bruising four week sell-off that saw the S&P 500 briefly dip into correction territory, U.S. equity markets managed to find some footing last week and have started this week on a constructive tone following several reports this weekend that upcoming tariff increases may be more measured than initially feared.