Halftime Report Trump Tariffs Tank Stocks 4/3/25
Apr 3, 2025
Josh Brown is a market strategist known for his keen insights, while Jenny Harrington and Joe Terranova bring their expertise from the Investment Committee. Brad Gerstner, founder of Altimeter Capital, shares his perspectives on the impacts of Trump’s tariffs. The discussion covers the sharp decline in stock markets, strategies for navigating economic uncertainty, and how tariffs are affecting companies like Apple. Josh reveals a stock he’s buying despite market turmoil, and they all reflect on the implications for consumer stocks amidst recession concerns.
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No Clearing Event
- The current market downturn isn't a typical clearing event.
- It impacts the real economy, affecting Main Street and consumer spending, unlike previous downturns.
Long-Term Focus
- Maintain a long-term perspective and focus on a balanced portfolio.
- Diversification with bonds, international stocks, and small caps can mitigate losses.
Tactical Shift
- Josh Brown's firm shifted its tactical strategy from 100% US large-cap equity to 60% T-bills and 40% US large-cap equity.
- This shift acknowledges the need for an emotional release valve during market downturns.