Uncertainty and the pressure of tariffs once again took their toll on Wall Street this week with the stock market down Monday and Tuesday.

Russell Price, chief economist for Ameriprise Financial, says while markets were already at relatively high valuations and due for a correction, tariffs remain the big unknown.

“The tariff actions have provided some concern that we could slip into a recession if the trade picture gets that difficult,” Price said. “Concerns about the tariffs relative to the high valuations just made the slippery slope that much slipperier. So we need to see some clarity on a rebound in the economy and some clarity on tariff plans as well.”

Price’s advise to investors is to stay the course. He says trying to “jump in and out” of the market leads to poor financial returns more often than not.