Growth Funds Drop 12% After Trump Tariff Announcement in April
Key Points
- Trump's April 2025 tariff announcement caused a panic sell-o...
When President Trump dropped his tariff bombshell on April 2, 2025, growth mutual funds reacted like tourists hearing "last call" at an open bar – swift, dramatic, and not entirely rational. The announcement sent tech-heavy funds tumbling faster than a day trader's portfolio during earnings season, leaving investors wondering if their long-term strategies were as solid as they thought.
The Damage Report: When Numbers Tell Stories
Fidelity's growth darlings took the brunt of the beating. The Blue Chip Growth fund (FBGRX) dropped 12.5% while its cousin, the Growth Company fund (FDGRX), fel...
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