The Globe and Mail reports in its Thursday edition that the first 100 days of Trump 2.0 were incredibly turbulent for world markets, as tariff-fuelled chaos wiped trillions of dollars off U.S. asset prices. A Reuters dispatch to The Globe says the second 100 days of President Donald Trump's administration will probably be less volatile, but markets may be underpricing the downside risk. Wall Street and the dollar ended Mr. Trump's first 100 days sharply lower as investors around the world reassessed their willingness to hold U.S. assets. Even though many markets, including the S&P 500, hit record highs in the month after Mr. Trump's inauguration in January, U.S. stocks ended up having their worst first 100 days under any president since Richard Nixon's second term in 1973, and the dollar index ended the period down nearly 10 per cent. But several global markets have rebounded from their lows, as Mr. Trump backed away from some of his more extreme policies and dialled down his rhetoric. Time to buy then? Not so fast. As a JPMorgan survey notes, even though investors may be hopeful for de-escalation in the trade war, they also fear "lasting damage" is being done by Mr. Trump's efforts to create a new world order.