SGL Live on WGN 9 News – Market Reacts to Global Tariffs

SGL President Steve Lewit returned to WGN News to break down effective long-term retirement planning strategies as market volatility and shifting tariffs continue to impact investor confidence.

Here’s what was covered Live on WGN 9 News:

• Wall Street experienced its worst week since 2020, with major indexes like the Dow, S&P 500, and Nasdaq all sharply declining due to fears surrounding escalating U.S.-China tariffs and a potential global trade war.
• Investors are advised not to panic and rather revisit their budgets and investment strategies to focus on what they can control rather than reacting emotionally to market volatility.
• With concerns rising about inflation, slowed economic growth, and a possible recession, lawmakers and economists are warning of broader consequences for consumers, prompting calls for legislation to reduce the impact of new tariffs.