Could be, no one knows how this ends. The effects so far are not good (less capital being invested in real things so more can go into the market) and will likely continue this way for a while. Although this is the case worldwide the real leader is the american stock market, so there is always the chance that with the us becoming the new world pariah state real losses could be seen. The issue though is (at least as I see it) unless there is something with a better return or lower risk any losses will just be temporary as seen every time trump has tanked the market.