Robeco Asset Management Podcast Market Flash – ‘Bloodbath’ is the appropriate word
Apr 7, 2025
Joshua Crabb, the Head of Asian Equities at Robeco, shares his insights on the recent turmoil in global markets stemming from US tariff hikes. He discusses the paradox of watching a significant market event unfold that many anticipated. Crabb emphasizes the impact of these tariffs on investment strategies and the resulting anxiety over technology valuations. He also highlights the importance of strategic patience and proactive portfolio adjustments to navigate this volatility, while identifying opportunities in resilient companies.
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Market Drop Paradox
- The market experienced a significant drop, reminiscent of 2009.
- However, unlike 2009, this event was anticipated.
Tariff Hike as Negotiation
- The aggressive tariff hikes by the US were expected, serving as a negotiating tactic.
- The resulting panic and market reactions, including margin calls and unwinding positions, are driving further decline.
Global Imbalances
- Global imbalances, including trade, fiscal positions, and debt, necessitate change.
- The US needs to reduce spending and improve its fiscal position, while China and parts of Asia need increased consumption.