It’s just that Wall Street didn’t expect the tariffs to be as harsh as they are, and they didn’t expect Trump to be so reckless with the stock market — the institution he once viewed as a real-time report card on his presidency. “And then the problem is, we’re going into earnings season, and you just have to think that every company is going to have negative comments … There’s not much you can optimistically look forward to, except the announcement of some type of trade deal that shows us a path forward.” Yardeni clarified to say he is not outright rooting for a crash, just that higher stock prices will ease pressure on the White House to back off the trade war.
Author: Allison Morrow
Published at: 2025-04-07 22:57:45
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