Bloomberg Businessweek

Markets Plummet as Tariff-War Woes Fuel Exodus From US Assets

6 snips
Apr 10, 2025
Ryan Detrick, Chief Market Strategist at The Carson Group, discusses the precarious state of the U.S. markets amid tariff concerns. Mike Siegel from Goldman Sachs highlights the global repercussions of trade policies on investor sentiment. Gina Martin Adams, Chief Equity Strategist at Bloomberg Intelligence, emphasizes the historical parallels to economic downturns. The conversation delves into market volatility, the significance of diversification, and the potential long-term impact of current trade tensions on the economy.
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INSIGHT

Market Bottoms During Distress

  • Major sell-offs during economic distress happen earlier than the ultimate bottom.
  • Technical indicators can time minor corrections but not bottoms during major economic distress.
ADVICE

Focus on Fundamentals

  • Focus on fundamentals like company earnings and guidance amidst market volatility.
  • Watch for companies changing operations due to tariffs and passing costs to consumers.
INSIGHT

Bank Earnings and Downturn Signals

  • Tightening financial conditions suggest lower financial sector earnings than anticipated.
  • Look for signs of banks preparing for a downturn, like increased loan loss provisions.
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