Following US stocks (^DJI,^GSPC, ^IXIC) selling off on tariff concerns, Laffer Tengler Investments CEO and chief investment officer Nancy Tengler joins The Morning Brief with Seana Smith to discuss. The Trump administration’s 25% tariffs on goods from Canada and Mexico, alongside a 20% tariff (raised from 10%) on Chinese imports, officially went into effect overnight.
Tengler tells Yahoo Finance that catalysts for a market reversal, which include a pullback in US President Donald Trump’s tariff policies, an extension of 2017 tax cuts, or other regulatory changes, but it likely won’t come until the second half of the year: “I think we’re in this choppy segment for the first half of the year because I don’t think we’re going to see anything come out of Congress until late spring.”
Tengler goes on to say that “we’ll see a very different market in the second half of the year that will be focused on what we should be focused on, which is earnings and margins,” adding that as margins edge closer to near-historic highs, “if they’re going to expand, it’s going to have to be through increased productivity and that requires technology spend.”
The strategist underlines that “at some point, we will get another bear market. I just don’t think this is that.”
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
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