Latest news with #PaulHickey
CNBC
01-07-2025
- Business
- CNBC
Market doesn't seem worried about budget deficit in Trump's bill, says Bespoke's Paul Hickey
Paul Hickey, Bespoke Investment Group co-founder, and Jose Rasco, HSBC Global Private Banking, joins 'Closing Bell Overtime' to talk the day's market action.
CNBC
24-06-2025
- Business
- CNBC
There are more gains ahead for the markets in the second half, says Bespoke's Paul Hickey
Paul Hickey, Bespoke Investment Group co-founder, joins 'Squawk Box' to discuss the latest market trends, state of the economy, impact of tariffs, inflation outlook, and more.
CNBC
28-05-2025
- Business
- CNBC
A lot of parallels between market performance now and 1998, says Bespoke's Paul Hickey
Paul Hickey, Bespoke Co-Founder, joins 'Closing Bell Overtime' to talk the S&P 500's recovery track.
Business Insider
23-05-2025
- Business
- Business Insider
Stocks tumble after Trump re-escalates trade war with more tariff talk
Stocks dropped on Friday as investors digested Trump's latest tariff threats. The president said Apple could be hit with 25% tariffs, while threatening 50% against the EU. Bond yields were stable but the greenback tumbled, with the dollar index dipping 0.5%. Here's where major indexes stood at 10:10 a.m. in New York on Friday: Trump said on Friday that Apple would be subject to a 25% tariff if it did not make iPhones in the US, and "not in India, or anyplace else." Meanwhile, the president said in a separate post that he would recommend a 50% tariff on the European Union starting on June 1. "The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with," Trump wrote. Going beyond stocks, the US dollar index dropped as much as 0.8% on Friday. The fresh tariff threats have re-escalated the trade war right as investors were feeling as though the worst of the chaos may be over. Softer rhetoric and the US and China's deal to lower tariffs for 90 days have helped the S&P 500 rally almost 11% in a month, though this week's panic over the budget deficit has added a new layer of worry to the market. Bond yields were lower on Friday, sparked by investors' fleeing to safety as stocks were rattled by tariff fears. "I think as we get closer to the end of this 90-day window for these trade negotiations, the market is really going to start focusing on tariffs more and more," Paul Hickey, co-founder of Bespoke Investment Group, told Business Insider. Trump's tariff pause is due to end on July 9. Markets were also assessing new comments from a top Federal Reserve official on the outlook for rates. "If we can get the tariffs down close to the 10% and then that's all sealed, done and delivered somewhere by July, then we're in good shape for the second half of the year, and then we're in a good position to kind of move with rate cuts through the second half of the year," Waller said in an interview on Fox Business.
Yahoo
16-05-2025
- Business
- Yahoo
Wall Street's fear gauge saw one of its steepest drops in history as tariff risks dissipated this week
Wall Street's fear gauge saw its quickest-ever decline over a 21-day period amid the trade chaos. Market panic rapidly gave way to optimism after the US and China agreed to dial down tariffs. Stocks have historically rallied higher after similar VIX declines in the past, Bespoke Investment Group told BI. Fear on Wall Street has never dissipated so quickly. The CBOE Volatility Index, a measure of market volatility commonly referred to as the stock market's fear gauge, saw its fastest-ever drop from April 10 to May 12, according to an analysis from Bespoke Investment. In that time, the index plunged from above 40 to below 20. It was one of only four times the VIX fell from a level above 40 to below 20 in under 100 days. The VIX peak at 52.33 on April 8 — the day the stock market bottomed following Donald Trump's "Liberation Day" tariffs. It was hovering around 18.22 on Wednesday. This embedded content is not available in your region. Last month's spike in the VIX sent it to the highest level since the pandemic. Sentiment on Wall Street has improved rapidly on news that the US and China would dial back tariffs for 90 days. The deal sparked a major rally in stocks and alleviated some investor concerns about the impact of the trade war on the US economy. Paul Hickey, co-founder of Bespoke, suggested it was possible investors are being overly optimistic about progress on trade. "There's always concerns that, as quick as these tariffs can come and go — as quick as they can go away —- they can come back again," he told Business Insider. Still, he thinks the indicator reflects a more positive outlook for stocks in 2025. In each instance that the VIX has seen a 20-point decline in under 100 days, the S&P 500 traded higher over the next year. "We're likely to see some gains. They're going to be harder to come by this year versus other years," he said, pointing to the market's rally of over 20% in 2023 and 2024. "But just because the market doesn't go up 20%, doesn't mean it can't still go up," he said. Forecasters on Wall Street have turned slightly more bullish on stocks, despite lingering tariff uncertainty. Goldman Sachs revised its year-end outlook for the S&P 500 to 6,500 this week, up from its prior forecast of 6,200. The bank cited lower uncertainty and lower inflation expectations, as well as higher earnings growth and renewed confidence in the US market. Ed Yardeni, a longtime market veteran, also revised his year-end outlook for the benchmark index up to 6,500 from his prior 6,000 call, citing higher expectations for growth in the US economy. Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
