Massachusetts
Massachusetts investment advisor urges calm as concerns about stock market mount
As stock markets continue to fall globally from President Trump’s latest round of tariffs, financial experts said they’re focused on keeping their clients calm as they watch their savings and 401(k) retirement accounts shrink.
Early Monday morning in Japan, the Tokyo stock market started plunging, falling eight points right from the opening bell. The Japanese Nikkei is often a precursor to what’s going to happen globally. For some, they’re worried of a repeat of 1987’s Black Monday, when the Dow fell more than 22% in a single day.
Worried about recession
“Spoken to a lot of neighbors, all sorts of career backgrounds, and the one thing is pretty universal, which is they’re worried about recession,” said Michael Armstrong, president of the Armstrong Advisory Group.
Armstrong said concerns were sparked last Wednesday after President Trump announced sweeping tariffs of at least 10% on goods imported from other countries.
“The promise of the Trump administration that they seem to be making is we want to manufacture many new goods and stuff that used to be manufactured in the United States here again,” said Armstrong.
Armstrong said the tax for other countries comes at a cost for Americans too.
“The problem seems to be that in order to do that, they are more than willing to cause a recession,” said Armstrong.
The announcement of import taxes last week prompted a sharp drop in the U.S. stock market. Thursday and Friday were the worst two days on Wall Street since the pandemic.
“It is looking fairly ugly out there,” said Armstrong. “These are the most nerve-wracking times, I think, for investors.”
Repeat of 1987’s Black Monday?
The decline has also affected people’s 401(k) retirement accounts and as the new week begins, there’s concerns of another Black Monday crash.
“I don’t love the comparisons because that was a really, really ugly day,” said Armstrong. “My point is, I don’t think anyone really knows, precisely, what is going on or what’s going to happen next because these are policies that we literally haven’t seen from the United States in the modern era.”
Armstrong said the best advice he can give his clients is to take a break from the TV because as it looks right now, things may get worse before they improve.
A body part was found in a pond in Shirley, Massachusetts and investigators said foul play is suspected.
It was discovered around 5:30 p.m. Wednesday as a group of people were walking along Veterans Memorial Bridge on Shaker Road.
Police said the group noticed something suspicious in the water of Phoenix Pond. The Middlesex District Attorney confirmed that the item was a body part, but would not elaborate.
Police shut down the road and divers could be seen exploring the pond late Wednesday. Authorities were back at the scene Thursday morning.
No other information is available at this point in the investigation.
Phoenix Pond connects to the Catacoonamug Brook, which flows into the Nashua River. It’s also connected to Lake Shirley.
Shirley, Massachusetts is about 44 miles northwest of Boston and around 13 miles from the New Hampshire border.
Human remains were discovered Wednesday in the water in Shirley, Massachusetts, and authorities suspect foul play.
Police in Shirley said in a social media post at 7:15 p.m. that they responded to “a suspicious object in the water near the Maritime Veterans Memorial Bridge on Shaker Road.” Massachusetts State Police later said the object was believed to be human remains.
The bridge crosses Catacoonamug Brook near Phoenix Pond.
The office of Middlesex County District Attorney Marian Ryan said a group of young people was walking in the area around 5:30 p.m. and “reported seeing what appeared to be something consistent with a body part in the water.”
Foul play is suspected, Ryan’s office said.
Authorities will continue investigating overnight into Thursday, and an increased police presence is expected in the area.
No further information was immediately available.
Massachusetts
Ice covered highways, streets and sidewalks in Boston area rattled nerves during morning commute: “I’m ready for the thaw”
It was a treacherous commute for drivers across Massachusetts Wednesday morning. Ice on roads and highways caused several crashes during rush hour.
In Danvers, 22 miles north of Boston, the ramp from Interstate 95 to Route 1 north was covered in ice, leading to three separate crashes involving twelve cars. Three people were taken to local hospitals.
In Revere, just seven miles north of the city, two tractor-trailers collided on North Shore Road. Police said it will be shut down for most of the day. It’s unclear if this crash was caused by icy conditions.
Forty-four miles west of Boston, a tractor-trailer ran off the westbound side of the Massachusetts Turnpike in Westboro. One person was taken to UMass Memorial Medical Center in Worcester with what were described by the fire department as “non-life threatening injuries.”
The ice wasn’t just a problem for drivers. People walking around Boston were also slipping and sliding Wednesday morning.
“I almost fell at least five times but I didn’t. I don’t know how. I screamed and caught edges,” Swapna Vantzelfde told CBS News Boston about her walk to work in the South End. It took longer than usual.
“The internal streets they just don’t get plowed, the little ones that people live on and then these arteries, the big streets, they’re cleaned a lot better,” she said.
Those on two legs and four were all stepping gingerly across slick spots.
“A little treacherous. Very slick and icy out here,” said a father pushing a stroller. “Sometimes you have something to hold on to, which helps.”
With plenty of snow piled along sidewalks and between parking spots, most people are done with winter.
“I’m over it. I’m ready for the thaw,” said one man.
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