The single most asked question that I have heard since January 20th is:

“How will this new administration affect my stock, bond and real estate holdings?”

I keep hearing variations of that question from clients, advisors, and the media. The general question reflects a concern about the new Trump 2.0 administration’s flurry of activities, especially DOGE, Elon Musk, layoffs, and other issues.

My advice is to tune out the noise, turn off the TV, and avoid the trolling, wild gesticulations, and chaos. Instead, focus on what is truly happening.

I admit the general demeanor feels weird because there’s been a whole lot more getting said than done; far fewer actions than the pronouncements (or stated intentions to perform actions) all of which may or may not happen.

How many of the 3 million federal civil service workers (not counting military or postal service employees) are really going to be laid off?

Keep reading this article on Barry Ritholtz - The Big Picture.

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