It has been a wild few weeks in markets.

By last week, the S&P 500 had wiped out all its gains since Election Day – $3.4 trillion in value. When Trump was asked about the possibility of a recession over the weekend, he said the US was in a “period of transition.”

Then on Monday, the Nasdaq 100 saw its worst day since 2022, tumbling 3.8% and extending a selloff that has put it into correction territory. 

On today’s Big Take podcast, Bloomberg’s Charlie Wells and host Sarah Holder discuss whether the Trump bump has become the Trump slump — and what this moment of market volatility means for your money.