Halftime Report Trump Tariffs Hit the Economy 04/30/25
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Apr 30, 2025 Joe Terranova, an investment expert known for his market analysis, joins Karen Firestone, who shares her keen insights into portfolio strategies. Jim Lebenthal, seasoned in market trends, and Steve Weiss, who weighs in on investment risks, complete the panel. They delve into how tariffs are impacting GDP and discuss big tech's challenges amid earnings season. The team highlights standout stocks like Spotify and AppLovin while navigating cautious investment strategies as economic uncertainty looms.
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Tariff Turmoil Clouds Economy
- The economy is softening amid tariff turmoil, raising the specter of stagflation and recession risks.
- Stocks are considered expensive for now, with potential for 5-10% downside before any upside emerges.
Balance Sheet Strength Matters
- Focus equity holdings on companies with strong balance sheets and the ability to buy back stock.
- Prioritize fixed income investments as the economic growth outlook is delicate.
Protect Capital Amid Uncertainty
- The current market environment is unique with growing uncertainty and deteriorating economic visibility.
- Protecting capital is crucial as risks favor downside and the market may fall further before stabilizing.