Tariffs: Wall Street’s New Favorite Rollercoaster Ride
Just when you thought stocks were partying like it’s 2024, the administration drops a list of tariff rates hitting about 70 countries next Thursday. Financials and Big Tech are popping bottles, while consumer staples and health care clutch their pearls. JPMorgan's David Kelly nails it: 'There's a disconnect between the superlative performance of the US equity market and the mediocrity of the American economy.' Meanwhile, copper investors flinched harder than Netflix canceling a cult show—not the smackdown they expected. In short, tariffs are the new mystery flavor reshaping winners and losers in this wild market buffet.
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Stocks partying while tariffs sneak in like a weird guest at the finance party. Big Tech’s flexing AI muscles while your local discount store prays it charges more than sympathy. It's the economy’s version of a mismatched Tinder date.
The tariff list dropped and suddenly stocks look like they’re on a strategic diet—Big Tech feasting on AI gains, while health care and staples gasping for scraps. Inflation called and said, 'I’m just getting started.'
Market winners: Big Tech and financials throwing a rave. Losers: Your budget-friendly grocery aisle and that ‘healthy’ stock portfolio. Tariffs? Think of them as economic party crashers with no snacks.
Source: Axios | Published: 8/1/2025 | Author: Madison Mills
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