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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Multiple Expansion Could Boost Market
- A two-turn multiple expansion across most S&P 500 companies could push the index up to 6,800.
- Financials and cyclicals are especially poised for gains if the Fed starts cutting.
FOMO to Drive Next Rally Leg
- Institutional investors are reluctant to be bearish when markets hit all-time highs.
- This dynamic may lead to a FOMO-driven rally and the next leg up in the market.
Tariff Impact Expected in Q4
- Tariff impacts are not yet visible in economic data but expected in Q4 as consumers feel higher goods prices.
- Price hikes related to tariffs will likely affect consumer pocketbooks during holiday ordering season.