Wall Street Journal – Hank Smith, Director, Head of Investment Strategy, was recently interviewed by The Wall Street Journal on his views on why the market bounced back despite tariffs and other market drivers. “The market sensed that these tariffs aren’t going to be nearly as onerous as what was presented on Liberation Day, […] you’ve seen the recovery.”
Read the full article here (subscription may be required): Historic Rebound Sends S&P 500 to New Highs
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Related News & Insights
The markets closed out the second quarter on a high note, despite unprecedented levels of uncertainty and geopolitical risk. The market’s resilience can be attributed to five key areas where investors hold an optimistic outlook: strong economic data, pro-growth policies, moderate tariffs, continued earnings growth, and advancements in artificial intelligence.
The S&P 500 hit a post “liberation day” high on June 12th, before news of Israeli strikes on Iran’s nuclear facilities and senior military personnel caused the market to trade lower. In addition to the human impact of these conflicts, markets remain sensitive to the influence on energy prices. As of this writing it doesn’t appear that Iran’s oil infrastructure has been specifically targeted, but the price of Brent Crude Oil contracts spiked 8% to close Friday at $75 per barrel, higher but below the highs of earlier this year.
Thomas Bayer, CFP®, MT, Wealth Planner tbayer@haverfordquality.com When the Markets Give You Lemons, Make [...]
