Bloomberg Surveillance

Tariffs Stay on as President Trump Shrugs Off Market Turmoil

11 snips
Apr 7, 2025
Michael Purves, CEO of Tallbacken Capital Advisors, dives into the turbulent waters of the financial market, sharing insights on potential risks for the S&P 500. He discusses the growing concerns of a recession and how traders are bracing for Federal Reserve rate cuts. Purves believes the S&P could hit lows of 4,000 due to shifting market dynamics influenced by recent tariff policies. His analysis emphasizes the urgent need for strategies amidst rising economic uncertainties and a changing investment landscape.
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INSIGHT

Recession Risks Priced In

  • The market is pricing in recession risks rapidly.
  • Small caps' attempted bottoming has failed after President Trump's Rose Garden ceremony.
INSIGHT

Value Territory?

  • Ford's low P/E ratio of five suggests potential value territory.
  • However, earnings adjustments are needed before relying on P/E alone.
INSIGHT

Uncharted Waters

  • Current market volatility differs from past crises like COVID or the financial crisis.
  • Unlike previous events, the federal government's actions are the catalyst for the current instability.
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