
Behind the Markets Podcast
Time to Buy the Dip?
Apr 3, 2025
Join renowned Wharton finance professor Jeremy Siegel, Macro Strategist Sam Rines, and Fixed Income Head Kevin Flanagan as they dissect recent tariff policies and their market implications. Siegel argues that tariffs are a major misstep and suggests the Fed should cut rates despite inflationary pressures. Rines and Flanagan delve into global trade tensions, exploring responses from countries like India and Japan. They also discuss strategies for navigating market volatility, the shift towards dividend stocks, and the geopolitical landscape affecting investments.
56:23
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Quick takeaways
- Professor Siegel criticizes tariffs as an economic misstep, advocating for Fed rate cuts to counteract inflationary effects and uncertainty.
- Market volatility persists amid geopolitical tensions, but equities should be viewed as long-term investments despite short-term earnings fluctuations.
Deep dives
Impact of Tariff Policies on the Economy
Tariff policies are viewed as detrimental, creating significant economic uncertainty and potentially causing a self-inflicted economic wound. The recent employment report indicated strong economic performance prior to the implementation of tariffs, but current indicators show rapid deterioration. The discussion emphasizes that the Federal Reserve should focus on changes in demand rather than reacting solely to inflation signals resulting from tariff impacts. As tariffs continue to distort economic signals, the importance of monitoring employment data expands, suggesting that the Fed should lower interest rates to mitigate economic contraction.
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