Barron's Live The View from Europe: Talking Markets with Christopher Rossbach
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May 12, 2025 Christopher Rossbach, Chief Investment Officer of J Stern & Co., shares his insights on current financial markets. He discusses the implications of the recent U.S.-China tariff agreement and its boost on stock prices. Rossbach also dives into the impact of shipping trends on corporate earnings and the upcoming holiday season. He highlights key earnings forecasts for major companies like Cisco and Alibaba while reflecting on Warren Buffett's legacy. Plus, there's a look at the booming artificial intelligence sector and the shifting dynamics of European defense spending.
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Tariff Truce Could Benefit Markets
- A 10% tariff rate plus adjustments could be a positive outcome for US-China trade relations.
- Extreme trade positions aimed at leverage can lead to negotiation breakthroughs but risk supply chain disruption.
Market Technicals Indicate Short-Term Pullback
- Short-term market rallies above key technical levels often face short-term pullbacks.
- Historically, markets are more likely to be higher 12 months after such rallies except in major bear markets.
Berkshire Insights on Investing
- Attending Berkshire Hathaway meetings offers insight into US business and economy from a global viewpoint.
- Warren Buffett focuses on investing in companies, not markets, emphasizing the power of fundamentals.