Donald Trump's reelection was met with jubilation from investors excited about a pro-business agenda, but the party ended when it turned out tariffs were at the top of the President's to-do list.

Stock prices slid in February as Trump signed the first executive order laying out plans for a 10% tariff on China and a 25% tariff on Mexico, but by mid-month, the S&P 500 hit a record high as investors still thought tariffs were a bargaining chip.

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Optimism ended in March, though, and the S&P erased all gains made during the Trump presidency as tariffs went into effect and the Liberation Day's announcement of "reciprocal tariffs" brought more disaster, with the Dow dropping more than 1,000 points and the S&P and Nasdaq experie

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