Not a good day for your 401-K

Why do I get the feeling President Trump does not spend a lot of time lying awake at night fretting over his 401-K?

The rest of us don't have that luxury. Pensions? Unless you're a teacher or public employee, for the most part they are a thing of the past. Instead, most working people in the private sector today rely on those savings vehicles to stash our retirement funds.

Yesterday was not a good day for 401-K watchers.

Wall Street does not like President Trump's tariff proposals. Yesterday the markets tanked big time, plunging more than 700 points as investors continue to worry about a trade war.

Trump slapped new sanctions on goods and investment from China.

Now China is threatening to return the favor.

Dow futures are sinking again this morning.

Do yourself a favor - don't look at your 401-K.

Make America Great Again? More like Make America Grate Again.

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