US President Donald Trump’s tariffs on imports from Mexico and Canada have been delayed 30 days, but the impact of tariffs still looms.
Alger director of market strategy Brad Neuman joins Morning Brief with Seana Smith and Brad Smith to discuss what tariffs mean for investors’ strategies.
"Investors need to move from reacting to tariffs to kind of having some kind of opinion as to how they’ll play out," Neuman says, adding, "I don’t know exactly when they’ll go into effect … But I do think tariffs are going to be an unsettling force for the market."
The strategist highlights "value type stocks," like materials (XLB), industrials (XLI), heavy machinery, and consumer discretionary (XLY) sectors, as "companies that really need the economic wind at their back" and "are susceptible" to the negative economic impacts of tariffs.
"My feeling is that in the US, the consensus is that [Trump’s tariff talk is] more bark than bite, and the market is priced for a very placid type of economic outlook, and I think tariffs could throw a wrench in that."
Watch the video above to hear about the impact of tariffs on the US dollar (DX=F), earnings, and more.
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