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.
10 Articles
10 Articles
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The SPDR S&P 500 ETF Trust (NYSE:SPY), which tracks the S&P 500, is facing heavy selling pressure in Wednesday’s after-hours session following reciprocal tariffs from the Trump Administration. What To Know: U.S. President Donald Trump unveiled sweeping new tariffs on Wednesday designed to help strengthen the American economy over the long term. The move could have dramatic impacts on the economy in the near term, as evidenced by the steep sell-o…
Wall Street Trading Desks Warn S&P 500 Selloff Will Get Worse
Wall Street trading desks disagree on many things, but there’s one view they now seem to share: President Donald Trump’s looming tariff announcement will likely exacerbate the S&P 500 Index selloff, at least in the near term.
Wall Street operating tables warn that there will be more falls for the S&P 500
Many companies, including Goldman Sachs Group Inc. and Bank of America Corp., expect the long-awaited trade measures announced by Donald Trump to increase stock market volatility Read more
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