American retailers have had to assess their outlook multiple times this week amid President Trump’s tariff policy rhetoric and his constantly shifting start dates for import taxes against trade partners.
BMO Capital Markets Managing Director Simeon Siegel joins Madison Mills for a conversation about the retail industry’s reaction to the barrage of US tariff headlines.
"The most interesting dynamic that we’re seeing from an investor is this risk off, simply because the market is very hard. And that sounds very simplistic, but right now you’re watching a lot of people look at these companies and see a mismatch between performance and what is going on," Siegel explains.
Watch the video above to hear more of Simeon Siegel’s insights into top retailers, like TJX Companies (TJX) and Planet Fitness (PLNT).
To watch more expert insights and analysis on the latest market action, check out more Wealth here: https://finance.yahoo.com/videos/series/wealth/
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