Squawk on the Street Bearish Sentiment, Trade War/Tariffs Effect, Earnings Beats for BofA and Citi 4/15/25
Apr 15, 2025
Investors are feeling the lowest growth sentiment in three decades as markets fluctuate. The U.S.-China trade war intensifies, with looming tariffs on tech and pharma impacting key players. Boeing faces significant challenges as China halts jet deliveries, threatening its market position. Meanwhile, Bank of America and Citi shine with impressive earnings, revealing resilience in the banking sector amid economic concerns. The discussion also highlights Netflix's ambitious financial goals and the luxury struggles for LVMH.
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Bearish Sentiment and Market Performance
- Investors haven't been this bearish about growth in 30 years, according to a new Street poll.
- Despite this, earnings remain solid, and the VIX is below 32.
Consumer Strength and Trade War Effects
- Strong consumer spending, driven by low unemployment, may offset negative market sentiment.
- Companies are over-ordering ahead of tariffs.
Walmart's Positive Performance
- Walmart had a good meeting, indicating strong business performance.
- This positive performance contradicts some of the pessimistic market predictions.