Rafael Nam
👤 SpeakerAppearances Over Time
Podcast Appearances
There's nothing financial markets hate more than uncertainty, especially when it comes to geopolitics.
Oil markets had already been gaining in anticipation of some kind of U.S.
action on Iran, and investors are bracing for more gains when oil markets reopen late on Sunday.
After all, despite ongoing sanctions, Iran is still a significant oil exporter.
A spike in oil prices will likely hit stock markets, and investors will be on edge as they track the tensions in the Middle East.
And typically, investors react to periods of anxiety by moving to investments such as gold or government bonds that aren't seen as relatively safer, as they brace for a volatile time in markets.
Although the Supreme Court determined that some of Trump's tariffs were illegal, the president made clear he will try to use other rules to continue imposing them.
Over the weekend, he announced a 15% tariff on all imports, higher than the 10% he had initially unveiled on Friday.
The president used a provision that allows him to set tariffs for up to 150 days.
On top of that, stocks are also reflecting fears that AI could hit the economy by leading to big job losses.
Although the Supreme Court determined that some of Trump's tariffs were illegal, the president made clear he will try to use other rules to continue imposing them.
Over the weekend, he announced a 15% tariff on all imports, higher than the 10% he had initially unveiled on Friday.
The president used a provision that allows him to set tariffs for up to 150 days.
On top of that, stocks are also reflecting fears that AI could hit the economy by leading to big job losses.
The Supreme Court ruled that tariffs the president had imposed under the International Emergency Economic Powers Act were unconstitutional.
That led to decent gains on Friday, and all three indexes ended higher for the week, with the S&P and the Nasdaq advancing more than 1% each.
But it's not over for tariffs.