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This week’s highlights:

Weekly Market Update: Stocks Lose 1.6% As Trump’s Tariffs Again Trip Up the Market

Should Investors Be More Worried About Stocks?

Semiconductor Stock Outlook: the AI Boom vs. a Slowing Economy

What Trump’s Trade Wars Could Mean for the Global Economy and Markets

How Sustainable Is US Exceptionalism?

The stock market ran into the tariff buzz saw this week, as a Monday bounce was more than erased by the close of trading on Friday. The worst of the selloff hit technology stocks, which slid TK%, and communications services stocks, which lost about 2%. Overall, stocks shed TK% for the week.

Taking a step back, in some ways, stocks haven’t really suffered much of a hit. The market is roughly back to where it was six months ago, and equities are still up from a year ago. But should investors be more worried? Sarah Hansen takes a look.

The week’s selloff comes as the dominant story continues to be the impact of President Donald Trump’s trade wars on the US and global economies. His announcement late Wednesday of 25% levies on imported autos and parts added to concerns about the outlook. Auto stocks fell, though many investors might have been surprised to see General Motors stock down 7% Thursday, until you consider how complicated the auto supply chain is. Tesla, with its entirely US-made line of cars, was the exception. However, Morningstar’s Tesla analyst, Seth Goldstein, says the company likely won’t be completely unscathed.

Investors are increasingly concerned about the damage the trade wars unleashed over the past two months will inflict on the global economy. In the United States, consumer confidence is sliding and inflation worries are rising. This past week brought the first unexpectedly poor reading on inflation in several months, and that’s before the impact of tariffs. In Canada, economists are warning about mass layoffs and a recession. Oh, and apparently consumers are even spending less on yoga pants.

It’s a lot to keep track of. Valerio Baselli provides an overview of the gathering gloom about the economic outlook. And columnist Larry Swedroe asks a key question about portfolio diversification: For 17 years, US stocks have outperformed. Is that era at an end?

Where do we go from here? David Sekera, Morningstar’s chief US market strategist, has his quarterly outlook, and he offers a surprising take on where investors should look for opportunities. Read his report here.

Lastly, I spoke with Brian Colello, who covers semiconductor stocks for Morningstar, about the outlook for this key industry. Given the economic backdrop, an important consideration is whether the historically cyclical industry will prove more insulated to any slowdown thanks to the AI boom. Read what Colello has to say.

As always, be sure to visit our Markets page for our latest coverage and live stock market updates, along with our weekly calendar of key upcoming data and events.