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Trump will follow tariff announcement with push to get stocks higher, Tom Lee says

  • The S&P 500 experienced a sell-off, sliding 8.3% from its February 19 peak to around 5,633.
  • The sell-off stemmed from rising inflation, potential interest rate hikes, and geopolitical tensions.
  • Investors reassessed growth prospects, and specific sectors, like technology, faced heightened volatility and regulatory scrutiny.
  • Alexander Altmann stated that vague policy details paralyze investment; UBS's Michael Romano noted a "violent tail" of possible outcomes.
  • Tom Lee believes Trump will push for a market rally following his tariff announcement to validate his position and avoid a recession.
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Bloomberg broke the news in United States on Wednesday, April 2, 2025.
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