Markets may dip this summer, but the worst of the tariff chaos is behind us.
Transcript:
EDDIE GHABOUR: Do we think the worst of the chaos is over. We do in the short term here. We expect, I would expect to see sometime late June, early July to start to see maybe a 5% to 7% correction in the markets. But when you look at the probability of outcomes over the coming months versus what we had to deal with the tariff tantrum and the stock market in April, we think the probability of news is going to be more positive than negative on the tariff front. So we think the worst case scenario is gone. We’re not worried about testing April lows. And naturally in any market, even in a bull market like we’re in right now, we expect that 5% to 7% correction this summer. But we would aggressively buy that if you have the right risk tolerance, because we think after we get that, we’ll recalibrate and blow through new highs and have a really strong 2025.
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