CNBC's "Fast Money" Stocks Reverse On Tariff Updates… And Billionaire Investor Stays Plugged Into Tesla 3/11/25
Mar 11, 2025
Stocks are showing signs of recovery following tariff updates and a ceasefire in Ukraine. The discussion highlights the return of car manufacturing to the U.S. and its economic impact. Investors are cautious amid trade tensions and inflation, with insights on Apple's plummeting stock. Billionaire Ron Baron remains committed to Tesla shares despite significant declines. The episode dives into shifts in investor sentiment, including a resurgence in cryptocurrencies and changes in retirement strategies amid volatility.
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Market Sentiment
- Consumer confidence can change rapidly, as seen in recent readings.
- The market is currently favoring selling rallies over buying dips, with the VIX at 27.
Market Valuation
- The market isn't cheap yet, with the S&P's estimated EPS at 265-270.
- A reasonable price target for the S&P is 4850–5250, given slower growth expectations.
Assessing Recession Fears
- Observe global stock market correlations to assess true recession fears.
- A deep US sell-off with genuine recession fears should spill over to other markets.