BATON ROUGE, La. (Louisiana First) — President Donald Trump's newest set of tariffs caused a shock in the stock market worldwide on Thursday and Friday. On Friday, numbers showed that Dow Jones was down more than 2200 points or 5.5%. The NASDAQ dropped over 960 points, a 5.8% drop, and the S&am p;P was 322 points down. The volatility has caused many to wonder about their 401k and savings accounts. Financial expert Chad Olivier shares details and offers advice to citizens. "Well, what happens with the stock market is when you get a little bit uncertainty, then it becomes a lot of uncertainty and it starts, you know, you start to see selling, selling, selling, and then it goes down like it is now," said Olivier. Olivier said that despite the dip in the stock market, the economy is still intact. "I would say this, that we are in a very, very strong economy still," said Olivier. "Like this economy is like a locomotive that has a few things in front of it, but still going forward. And we believe that this will end up being a blip on the radar when you realistically look at it." When asked about the result of the stock market dip, Olivier stated that a short trade war may be on the rise. "It may be a trade war for a short period of time," he said. "So we're just going to have to see. But, you know, if we talk about the United States and where we are right now, we have great companies that are still doing fantastic. They're making plenty of money. They have low debt. They will continually do well." He went on to share what this could mean internationally. "When you start looking international and you start looking at what this could be internationally because of trade wars, especially with higher tariffs, it may not be so attractive because of that," Olivier said. "But again, if we're talking about investing, you know, this is the time. If these companies were very good companies a month ago, they're still very good companies. They just went on sale. If you look at the long term, you know, this is an opportunity." Olivier suggested that citizens stick to their strategy and continue investing in 401k and retirement. "So say for the common man out there that is investing, you're investing in your 401k and your retirement, best thing to do if you have a strategy like stick to that strategy, keep on investing, and keep doing what you're doing, as long as it's prudent," said Olivier. "But this might be a time to take a look at it and make sure that there are opportunities out there. This may be a time to take a look at it and say, 'Okay, what should I be doing right now? Because this could be opportunities.'" Latest News Which airports had the most delays and cancellations in 2024? Baton Rouge joins nationwide 'Hands Off!' rally against Trump administration Which Atlantic hurricane names have been retired? This Week in Louisiana Politics: amendments, tariffs, and goodbye Al Green says he’ll present articles of impeachment against Trump in next 30 days ...read more read less