How Much Longer Will Consumers Tolerate Tariffs?: John Authers

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Today’s Points:

• Stocks regained about half the ground lost during Friday’s selloff.
• They’ve been helped by very bullishearnings forecasts.
• It’s handy that tariffs haven’t hit consumers full force yet — but can that continue?
• Everyone should thank Nvidia for a three-year bull market in the S&P 500.
• AND: RIP, John Lodge.

Consumer Burden

The panic is over, kind of. Presidential social media postings promising to increase tariffs on China by 100% prompted quite a market selloff. A more emollient tone then spurred a bounce on Monday — although the ...