CNBC's "Fast Money" Tariff Headlines Weigh On Markets… And A Private Credit Port In The Storm? 4/8/25
Apr 8, 2025
Recent tariff announcements have led to a significant sell-off in the stock market, with experts weighing in on potential impacts on U.S. manufacturing jobs and trade relations with China. As policymakers grapple with economic uncertainty, the discussion shifts to the upcoming earnings season and its implications. The role of private credit emerges as a potential safeguard against market volatility. Delta Airlines' fluctuating stock and consumer landscape also come under scrutiny amidst these challenging economic conditions.
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Tariff-Induced Market Volatility
- The S&P 500 experienced its worst four-day loss since the 2008 financial crisis after President Trump's tariff announcement.
- The market reversal worsened as country-specific tariffs loomed, including a potential 50% tariff on China.
Lowered S&P Target
- Julian Emanuel lowered his S&P target for year-end to 5,600 from 6,800 due to increased market volatility.
- He believes the tariffs introduced more uncertainty, causing market turmoil.
Price Target Debate
- Carter Worth questions the value of price targets, arguing they're arbitrary and often inaccurate due to unforeseen events like tariffs.
- He suggests abandoning this convention altogether.