If there is one thing that does not change in the topsy-turvy world of investing is Black Swan events and global events to trigger market panic and by creating Negative Sentiments.

The latest illustration of this timeless pattern comes courtesy of the trade war unfolding between the US and almost everyone else. As tariffs fly back and forth like diplomatic hand grenades, the Indian markets display their customary nervousness, with the Sensex performing what financial journalists call a ‘nosedive’.

Consider what’s happening: President Trump imposes sweeping tariffs, markets plunge, China retaliates, markets plunge further, a 90-day pause is announced (except for China), markets rallied 4700 points in 4 Market Sessions and investors obsessively refresh their portfolio apps and most of the investors did miss this rally.

But step back for a moment. What has changed about the fundamental nature of the Indian economy since last month? Are Indians suddenly consuming less?

 Has our technological prowess diminished overnight? Will we stop needing homes, healthcare, or financial services because of tariffs? Of course not. The market reaction reflects uncertainty, not fundamental economic collapse.

 History offers a compelling perspective. Think about what India has weathered in the past few decades: wars, currency crises, political upheavals, demonetisation, banking scandals, a global pandemic, and previous rounds of trade tensions. Yet, through it all, disciplined investors who maintained regular investments and diversified portfolios have done remarkably well. The noise of daily news eventually fades, but the underlying growth trajectory remains.

 This brings us to many investors’ questions: “What should I do now?” My answer might disappoint those hoping for sophisticated market-timing strategies or sector rotation advice: For most people, the best course of action is to do absolutely nothing.

 Shut up and Wait!