Trump's tariff policy is not 'just a threat': PIMCO expert
Markets (^DJI, ^IXIC, ^GSPC) are anticipating a potentially pro-growth environment under the second Trump administration. PIMCO Head of US Public Policy Libby Cantrill joins Market Domination to discuss her current market outlook. "We do think you have to take the president seriously on the risk of tariffs," she tells Yahoo Finance. "We don't necessarily think it's just a threat to get concessions from other countries," noting these could significantly impact market dynamics. "Will he [President-elect Donald Trump] do exactly what he's saying? Probably not, but I also think that folks who are just thinking this is just a threat, that this is all bark and no bite, aren't necessarily paying attention to what the president-elect has been saying for almost four decades about tariffs, and about trade deficits, and just generally about protectionism," she explains. Regarding market dynamics, Cantrill believes that the fixed-income market (^TYX, ^TNX, ^FVX) is currently more priced for tail risks, while the equity market appears "priced to perfection." To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Angel Smith
