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🗓️ 22 March 2025
⏱️ 7 minutes
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0:00.0 | Fears of Trump's trade wars and tariffs have sparked stock market volatility and raised concerns over the future of the U.S. economy. |
0:10.0 | We speak to a Wall Street veteran about why he says Americans should not be worried about the economy. |
0:16.0 | He believes Trump's pro-growth policies like tax cuts and deregulation could ultimately benefit the economy |
0:22.6 | and the American taxpayer. I'm Georgia Howe with Daily Wire, editor-in-chief John Bickley. It's Saturday, |
0:29.3 | March 22nd, and this is a weekend edition of Morning Wire. |
0:35.8 | Joining us to discuss what we can expect for the economy is CEO of Strategic Wealth Partners, Mark Tepper. |
0:42.1 | Mark, thanks so much for coming on. |
0:44.0 | Thank you, Georgia. I appreciate it. Looking forward to this. |
0:46.9 | So let's just start with some recent stock market volatility. Just in the past month, |
0:52.3 | there's been not a catastrophic dip, but a significant dip that's |
0:56.2 | caused a lot of fear around Trump's so-called trade wars. How spooked should we be about the stock |
1:01.8 | market? Well, look, I think if you rewind back to Trump Tariff's 1.0, fourth quarter of 2018, |
1:10.0 | top to bottom, stocks fell about about 19.9%. And right before they hit |
1:15.3 | 20%, they started to reverse course. And then you fast forward to 2019, the S&P was up around 30%. |
1:22.6 | So what I would say is that when you look at what's going on with tariffs, obviously it's creating |
1:28.1 | a lot of uncertainty, which is causing a lot of fantastic stocks to pull back or sell off. |
1:34.7 | That's presenting good buying opportunities because when you look at policy uncertainty, which |
1:40.8 | is at its second highest level on record, second to only the lockdowns of 2020. |
1:47.9 | Whenever you have a policy uncertainty, this high forward-looking returns in the stock market |
1:54.3 | over the next three, six, and 12 months are substantially above average. |
2:00.5 | So look, I'm viewing this as a buying opportunity. |
2:02.8 | I'm trying to pick off my favorite high conviction names and add to them where appropriate. |
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