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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.
“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.”
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.
Local News
The Massachusetts Registry of Motor Vehicles announced on Monday it is now taking applications for the 2026 Annual Low Number Plate Lottery.
The annual lottery is for standard white Massachusetts passenger license plates. Winners and alternate winners will be selected using an electronic random number generator and notified by mail no later than Sept. 15.
To be eligible, an applicant must be a current Massachusetts resident with an active, state registered and insured passenger motor vehicle. They must also have a state-issued driver’s license or ID in good standing.
You can apply through Aug. 14 at the myRMV Online Service Center.
While there’s no cost to enter, “applicants selected in the lottery will be required to pay the special plate fee in addition to the applicable standard vehicle registration fee,” the RMV said.
Commercial vehicles and motorcycles will not be accepted as applicants. MassDOT workers and contract employees and their immediate family members are ineligible to participate, the RMV said.
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HINSDALE, N.H. (ABC22/FOX44) – Two men from Massachusetts have been indicted after they allegedly stole more than $200,000 in cigarettes and fled in a stolen U-Haul van before setting it on fire.
According to court documents, the men robbed the T-Bird Mini Mart on Brattleboro Road in Hinsdale, New Hampshire back on March 15. They then allegedly drove the U-Haul north into Brattleboro, Vermont before heading south on Interstate 91 down in Massachusetts.
Cartons of cigarettes reportedly fell from the back of the van as it drove through Brattleboro, which were estimated to be worth more than $50,000. The “trail of cigarettes” was reportedly used by investigators examining surveillance footage to track the path of the van leading up to the arrest of two suspects last week.
Richard Conner, 64, of Greenfield, Massachusetts, and James Ferguson, 66, of Worcester, Massachusetts, were arrested on Friday.
According to court documents, Ferguson was also seen on camera earlier in March stealing the U-Haul van in Northampton, Massachusetts.
The two men now face federal charges under the Hobbs Act and, if convicted, could spend up to 20 years in prison.
BOSTON (WWLP) – The Healey-Driscoll Administration and the Massachusetts Department of Conservation and Recreation announced the opening of 24 swimming pools for the summer season across the state.
This initiative includes the return of its free Learn to Swim Program for children and expanded lifeguard services at 30 DCR swimming areas. Registration for the free swimming lessons begins on Monday, June 22, providing children between the ages of 4 and 12 the opportunity to learn life-saving skills.
The DCR’s efforts aim to provide residents, visitors and families with safe places to swim and cool off during the summer. This commitment to water safety is supported by extending lifeguard coverage to seven days a week, which began last Saturday, running from 10:15 a.m. to 5:45 p.m., though continued coverage is subject to staff availability.
DCR Commissioner Nicole LaChapelle emphasized the importance of aquatic education. “Every child deserves the opportunity to learn how to swim. Swimming is more than a summer activity –it’s a life-saving skill that helps children safely enjoy our pools, lakes and beaches with confidence,” LaChapelle said. “By offering free swimming lessons at pools across Massachusetts, we’re helping remove barriers for families while helping more children safely enjoy the outdoor spaces that belong to all of us.”
The Learn to Swim Program will be offered at 19 DCR pools throughout Massachusetts and is structured into three sessions during the summer. Each session consists of eight half-hour group swim classes tailored for beginner-level swimmers and organized by age.
The curriculum for the classes is based on the American Red Cross and focuses on water safety and basic swimming skills. Registration is required and will operate on a first-come, first-served basis, closing once classes at each facility are full.
Participating DCR pools for the program are located in Agawam, Boston, Cambridge, Chelsea, Chicopee, Clinton, Fall River, Fitchburg, Hyde Park, Lawrence, Malden, Melrose, Milford, Somerville, Springfield, Watertown and Worcester.
The DCR is also actively recruiting certified lifeguards for its beaches and swimming pools for the current summer season. Positions are available through Labor Day and offer competitive hourly wages ranging from $22 to $27, depending on the position and associated certifications. More information about lifeguarding opportunities and application details are available on the agency’s lifeguarding webpage.
Beyond lifeguard services, the DCR maintains water safety at its state beaches and waterfronts through regular water quality testing at all 79 designated swimming areas. These areas are equipped with ropes and buoys to delineate swimming sections. Safety signage, which can be translated into nine languages including Spanish, Portuguese, Vietnamese and Traditional Chinese via a QR code, is also present.
To enhance safety, life rings are available for public use at both guarded and unguarded swimming areas in case of an emergency. All DCR swimming pools are equipped with chair lifts to provide water access. Several pools also feature ramps or zero-depth entry and select pools and spray decks offer beach wheelchairs for use.
All facts in this report were gathered by journalists employed by WWLP. Artificial intelligence tools were used to reformat information into a news article for our website. This report was edited and fact-checked by WWLP staff before being published.
WWLP-22News, an NBC affiliate, began broadcasting in March 1953 to provide local news, network, syndicated, and local programming to western Massachusetts. Download the 22News Plus app on your TV to watch live-streaming newscasts and video on demand.
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