Stocks skyrocketed in a kneejerk reaction to President Donald Trump's announcement to put a 90-day pause on some of the lofty 'reciprocal' tariffs.

Stock indexes have been posting records recently -- but not the kind of records investors like. The S&P 500 on Friday delivered its worst performance since the start of the pandemic back in 2020. And both the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq (NASDAQINDEX: ^IXIC) on March 31 completed their worst quarter since 2022.