

Closing Bell: Tech Trade & Trump's Tariffs 04/11/25
Apr 11, 2025
Tom Lee, managing partner at Fundstrat and CNBC contributor, joins Chris Harvey, a Wells Fargo analyst, and Kevin Gordon from Charles Schwab to delve into the current stock market dynamics. They discuss the pessimistic sentiment among investors amid recession worries and the effects of recent White House policies on inflation. The trio contrasts short-term tactics with a long-term perspective on market resilience. Additionally, they analyze significant movements in the tech sector, the challenges facing Tesla, and the importance of strategic investing amid economic uncertainty.
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Market Outlook and Recession Probability
- The market is pessimistic and has priced in a 60% chance of a recession.
- A market rebound is possible if tariff negotiations de-escalate.
Investment Strategy: Washed-Out Stocks
- Buy "washed-out" stocks, those that didn't make new lows recently and had lower volume.
- Consider the MAG-7 stocks, including Tesla, as potential rebound opportunities.
Fed Intervention and Market Liquidity
- Susan Collins' statement about Fed intervention is true, but she doesn't speak for the whole Federal Reserve.
- The Fed is closely monitoring the market, but there's no current indication of needing extraordinary intervention.