Closing Bell Closing Bell: When Will the Uncertainty End? 3/31/25
Mar 31, 2025
Tom Barkin, the Richmond Fed President, dives deep into the swirling waters of economic forecasts and inflation realities. He discusses the Fed's strategic responses to market conditions and the implications of potential tariff announcements. The conversation also touches on the risks of stagflation and how it might play out in today's unpredictable economy. With insight into energy market shifts and investment strategies amidst all this uncertainty, Barkin provides a compelling look at what may lie ahead for both the markets and consumers.
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Market Bad News Priced In
- Markets likely priced in much bad news, evidenced by the VIX, currency volatility, and bond volatility being lower than mid-March peaks.
- Fewer stocks are making new lows despite the S&P retesting the 5500 level.
Wall Street's Undefeated Rule
- Wall Street's undefeated rule: as prices change, so do attitudes.
- Current investor surveys show increased pessimism, potentially signaling a market bottom.
Focus on Potential Positives
- Focus on what could go right in the market, as little attention is paid to it.
- Watch for expanding breadth, new highs, and positive credit conditions in the coming weeks.