Liberation Day, Goldman Gets Bearish, Falling Knives

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Apr 1, 2025

Hear about the impact of tariffs on the economy and a bearish outlook from Goldman Sachs. Explore the implications of 'Liberation Day' and recent sector shifts, including healthcare gains and tech declines. Dive into OpenAI's record-breaking funding and its ripple effects in the tech world. Additionally, get insights on investing in struggling stocks like Nike amidst market volatility. The discussion highlights the challenges of navigating a tech-driven job landscape while addressing economic resilience in uncertain times.

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ANECDOTE

Liberation Day and Tariffs

Trump's tariff announcement, "Liberation Day," approaches, with rumors of a 20% tariff.
Some believe specific conditions may allow certain countries to reduce these tariffs.

INSIGHT

Goldman Sachs' Bearish Outlook

Goldman Sachs lowered S&P 500 earnings and stock price forecasts, predicting negative returns and a potential 17% drawdown.
They cite higher tariffs, weaker growth, and greater inflation as reasons.

INSIGHT

MAG-7 Bear Market

While overall market concern may not be obvious, the MAG-7 stocks (major tech companies) are experiencing a bear market.
This concentrated decline reflects market anxieties.

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On this TCAF Tuesday, hear an all-new episode of What Are Your Thoughts with Josh Brown and Michael Batnick! They discuss Liberation Day and tariffs, Mag 7 weakness, CoreWeave, AI and much more!

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