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Andrew Sheets
Head of Corporate Credit Research at Morgan Stanley who leads conversations on market developments and guides the podcast discussion.
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Apr 7, 2025
• 26min
Global Market Meltdown Deepens; Trump Retains Tariff Stance
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Andrew Sheets, Chief Cross-Asset Strategist at Morgan Stanley, sheds light on the escalating chaos in financial markets due to President Trump's tariffs. He discusses the staggering $5 trillion loss in equities and the government's unyielding stance amid fears of recession and inflation. Traders anticipate multiple Federal Reserve rate cuts as global markets grapple with severe downturns reminiscent of the COVID crisis. Sheets also explores the broader implications of ongoing trade tensions and geopolitical issues on economic stability.
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