LAS VEGAS (KLAS) — The stock market surged on Wednesday following a rough few trading days, leaving many in Southern Nevada worried about their financial futures.
8 News Now spoke to several people who shared their thoughts on the economy.
“It’s making things complicated,” one Las Vegas resident said. “For absolutely no reason.”
“I think people will feel a bit of pain in the short term,” Steven Sayers countered. “But in the long run, it’s going to be good.”
As market volatility continues, many in the valley told 8 News Now they are wondering what it will mean for them.
“I think for the average person who has money in the stock market, their retirement,” Jeremy Aguero, Principal Analyst for Applied Analytics, said. “It has been a remarkably unsettling few days.”
Aguero called it a real concern for some, as the market reacted sharply to President Donald Trump’s reciprocal tariffs that were put in place and then paused for 90 days.
While a lot of people may feel like they are losing money in their portfolio or 401(k), he encourages them to hold on.
“You have to be a little bit patient,” Aguero said. “Cycles happen, and this instability and correction in markets happens all the time.”
Unless someone is retiring or selling stock during the downturn, they have time to allow the market to bounce back, which happens regardless of what else is happening, according to Aguero.
“The long history has demonstrated that the stock market comes back,” Aguero said. “Time and time again.”
It’s a sentiment some told 8 News Now they know to be true.
“It will even out in the long run,” Sayers said. “And be a lot better for the United States.”
However, even with these historical trends, others said they are still not so sure what the future will bring.
“Right now the stock of my life is plummeting,” a Las Vegas resident told 8 News Now. “Because you know the quality of life is plummeting.”
Aguero also urged people not to make financial comparisons to the 2008 recession or COVID-19 because every economic situation is different.
He also told 8 News Now he does not believe the market volatility is over yet.
