Closing Bell Closing Bell: Tariff Turmoil 7/8/25
Jul 8, 2025
Tom Lee, the chief investment officer at Fundstrat, offers keen insights on the economic effects of tariff uncertainty. Kevin Gordon from Charles Schwab discusses stretched valuations and hints at a rising stock market potential. Lauren Goodwin from New York Life delves into policy risks and market volatility, providing strategies for navigating turbulent waters. Together, they explore how tariffs could reshape consumer behavior, corporate earnings, and the overall investment landscape, all while keeping an eye on the resilience of specific sectors.
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Tariffs' Limited Economic Impact So Far
- Tariffs have not yet negatively impacted consumer spending or job growth significantly.
- The upcoming inflation reports will be crucial to assess any tariff effects on inflation and Fed's potential rate cuts.
Market Sees Tariffs As Negotiation Tool
- The market sees President Trump's tough tariff statements as negotiation tactics.
- Investors believe a practical balance will be found to avoid harming the economy.
Market Resilience Amid Black Swans
- Despite multiple black swan events, including COVID and inflation shocks, the market showed resilience and earnings growth.
- The S&P's valuation is lower now than before COVID, signaling room for multiple expansions.