The Trump administration's unpredictable approach to tariffs and recent government budget cuts has unsettled many everyday investors, prompting them to reconsider the long-held strategy of buying and holding stocks. This uncertainty has contributed to the S&P 500 entering its first correction since October 2023. Investors are grappling with the inconsistent nature of Trump's tariffs, which have disrupted importers' operations and incurred unexpected costs. The chaotic policymaking has also raised concerns among investment bankers, who are beginning to take Trump's statements literally, affecting expectations for increased deal flow in the market.