Squawk on the Street Tariffs and the Global Market Sell-Off: S&P 500 Touches Bear Territory 4/7/25
Apr 7, 2025
A staggering $6 trillion has vanished from the U.S. market, pushing the S&P 500 into bear territory. The podcast dissects President Trump's steadfast tariff plans and their ripple effects on global markets. Influential voices like Elon Musk and Jamie Dimon weigh in on the potential fallout. There's a discussion on how companies are shifting production from China to Vietnam amid turbulent trade relations. The hosts explore investment strategies for navigating this economic uncertainty and the shifts impacting major industries like travel and manufacturing.
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Global Market Sell-Off Deepens
- The global stock sell-off deepens as President Trump maintains his tariff plan.
- $11 trillion in market value has been wiped out since Inauguration Day.
S&P 500 Worst-Case Scenario
- Jim Cramer suggests a worst-case scenario for the S&P 500, with a potential 36% downside.
- He bases this on a 14x multiple on new earnings estimates, assuming Peter Navarro's influence continues.
Executive Disbelief and Market Recession
- Executives express disbelief and uncertainty about whether the tariff plan is a negotiation or revenue-raising strategy.
- The market indicates a potential recession, with falling oil prices and a declining 10-year yield.