Bloomberg Surveillance Inflation and Tariffs in Full Focus for Markets
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Jul 14, 2025 Jodey Arrington, a Republican Congressman from Texas and Chairman of the House Budget Committee, discusses the passing of the Big, Beautiful Bill and his efforts to unify his party. He shares insights on the impacts of recent Texas flooding and the economic distress faced by affected families. The conversation also touches on the implications of tariffs and inflation on markets, calling attention to potential future challenges and their significance for investors navigating a volatile economic landscape.
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Tariff Impact on US Equities
- Tariffs create short-term uncertainty but not a reason to turn bearish on US equities.
- Market complacency on tariffs is high, but impacts on corporate guidance may emerge soon.
US Market Vulnerability to Tariffs
- The market expects tariffs around 10%, but reality may see them double.
- The US equity market is vulnerable with high valuations and low volatility indices.
Prepare to Buy Market Dips
- Hold some cash now to buy into dips driven by tariff worries.
- Look for opportunities outside the US where valuations and currencies are cheaper.