Merryn Talks Money

There’s More to the US Market Downturn Than Tariffs 

Apr 30, 2025
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INSIGHT

Nvidia as US Market Indicator

  • Nvidia's share price acts as a key indicator of the US market's health and AI bubble status.
  • A significant drop in Nvidia signals challenges for American market exceptionalism.
INSIGHT

US Market Volatility Masked

  • US stock market barely moved despite tariff fears and turmoil, masking underlying problems.
  • In contrast, non-US investors saw more significant losses due to currency effects and market composition.
INSIGHT

Tariffs Impact Supply Chains

  • Tariffs have caused supply shortages reminiscent of COVID-era disruptions.
  • Inventories stocked up before tariffs will soon run out, risking future supply chain issues.
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