Bloomberg Daybreak: Asia Edition Global Markets Bracing for Volatility Ahead of US Reciprocal Tariffs
11 snips
Apr 1, 2025 In this discussion, Brad Bernstein, Managing Director at UBS Private Wealth Management, and Ethan Devitt, Chief Global Market Strategist at Moneta Group Investment Advisors, analyze the upcoming U.S. reciprocal tariffs and their potential to spark market volatility. They dive into the effects on emerging markets, particularly in Asia, stressing the importance of diversified portfolios in uncertain times. Insights include navigating recent financial trends and anticipating a cautious but optimistic outlook for the U.S. economy amid tariff implications.
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Market Volatility and Tariffs
- Markets rallied after a dip, likely due to investors struggling with positioning ahead of new tariffs.
- There's significant uncertainty, but a market rally is expected post-announcement.
Investment Strategy
- Maintain diversified portfolios, including international holdings, despite recent U.S. market underperformance.
- U.S. markets are expected to outperform global markets in the latter half of the year.
Recession Prospects
- Recession is unlikely this year, with the U.S. economy projected to grow around 2%.
- Unemployment is key to preventing a recession.