Market swings sort of feel like a new normal.
But the president’s social media could be more impactful than the actual economic data, not too different from his first term.
The uncertainty surrounding Trump’s on-again, off-again tariff policy has made markets volatile since he was elected. Still, it maybe wasn’t all bad. Eigen, the head of the Absolute Return and Opportunistic Fixed Income team at JPMorgan Asset Management, called mid-April “fun,” and said he was sitting on liquidity. But there is probably more volatility ahead.
“The problem we’re dealing with right now is that…the correct path is very often the most tortured,” Eigen said. The administration wants to get trade deals done, “but it’s going to be a tortuous path—and I don’t think the market is quite done being tortured yet,” he said.
