By coinnews 
00:00 Speaker A
It has been a wild week for stocks with trade deals top of mind and one strategist even told us that economic uncertainty has already been injected into stocks. So what does that mean for investors from more on what we’ve heard this week about how you can better position your portfolio? Let’s welcome in now Yahoo Finance’s Ines Ferre, Ines.
00:24 Ines Ferre
Yeah, um, that’s right, Josh. So, President Trump this week basically said it’s a good time to buy stock now, but go buy stock. Now he said it. But, uh, look, the Wall Street strategists that we’ve spoken with this week have basically been very cautious about this. Uh, you’ve had one strategist this morning, Brian Bendeck of MJP Wealth Advisors saying that we are not out of the woods yet, that in the near term you can expect more volatility. Of course, China really is the focus now and these China talks that will be taking place in Switzerland over the weekend. And you had, uh, Ross Mayfield of Baird saying that this has been the big headline is, is the fact that President Trump has been very optimistic about China, that he has hinted at lowering those tariffs against imports from China, from China from 145% to, this morning, uh, talking about 80% tariffs. So this is very, this is a lot of optimism for the market that deals will be done and that these tariffs won’t be as severe as, uh, projected. But you still have a lot of strategists that are saying that some of the damage has already been done and you could see over the next couple of quarters some of the weakness and soft data going into more of the hard data and what will that do, uh, for earnings? And, and how will the market respond to this? Because you had, uh, Truist, um, Keith Lerner talking about also the fact that there’s very little buffer when it comes to, uh, how everything is going to go with these negotiations. So if something goes sideways, there’s, the market is sort of priced to perfection, so to speak. It’s pricing in that these, uh, tariffs aren’t going to be as severe if we, uh, take into account President Trump’s words when it comes to, uh, his optimistic tone, so to speak, this week, that more deals are coming, that there’s going to be a tax bill that also is going through Congress and that this is a good time to buy.
04:00 Speaker A
Thank you, Ness. Appreciate it.