Tariff News Is Ancient, & Unlikely to Sway Stocks

Thursday marks one year since President Donald Trump shocked observers worldwide with his sweeping, oddly concocted, "Liberation Day” tariffs. Their size, scale and bizarre basis also surprised markets as US and global stocks tumbled -12.1% and -11.3%, respectively, in just five trading days.[i] Plenty has happened in this realm since, and with some unknowns remaining after the Supreme Court’s February ruling, many remain focused on the saga, fearing fallout. However, stocks have shown they are largely over tariff news now, with all the attention over the past year sapping most of the surprise power. For good or ill, tariff news likely won’t sway stocks much. Read Full Article »