Market Recap: April 3, 2025
Watch Chief Economist Jeanette Garretty and Chief Investment Officer Stuart Katz discuss the recent tariffs announcement and its impact on markets.
March 2025 Recap
Economy Yesterday, Trump’s “Liberation Day” Press conference confirmed investors’ worst fears of an impending global trade war. Goldman Sachs estimates that the ‘reciprocal’ tariffs announced by the White House, coupled with other tariffs already announced year-to-date, would raise the US effective tariff rate by 18.8%. While it’s possible that the negotiations with trading partners will lead […]
Markets reel as US tariffs stoke fear of ‘spiral of doom’ for growth
Chief Economist Jeanette Garretty was quoted in Reuters discussing the market reaction to the Trump Administration’s new tariffs. “People were talking earlier about whether clarity would boost the market,” said Garretty. Read more here: https://bit.ly/42sqsIV
Investment Office Quick Thoughts: April 3, 2025
We finally received the details on the scope of the Trump Administration Tariffs, and it’s beyond market consensus. Risk markets currently do not like the announcement, with stock futures currently down and the NASDAQ leading markets lower. Copper and oil are also falling in post-market trading, suggesting concerns about dimmer growth prospects. The Asia open seems more muted than the headlines would potentially justify.