Look Past the Short-Term Noise

Much of the recent selloff has been related either to fears over a potential trade war with China, the world's second-largest economy, or expectations that tech stocks—most notably Facebook and Amazon—could face additional regulatory scrutiny.

Although u.s. tariffs on Chinese imports, and China's proposed taxes on American goods, have not been imposed yet, markets are already beginning to price in the news. Shares of Boeing, the largest U.S. exporter by value, have dropped more than 8 percent since their high on February 27, following announced U.S. tariffs on imported steel and aluminum and China's plan to levy as much as 25 percent on American-made aircraft. Aircrafts, by the way, are hands-down the United States' most valuable export, followed by gasoline.