There have been few winning strategies to seek refuge in as the stock rout sparked by President Donald Trump’s start-stop tariff war drags on for a third week. One, though, is soaring right now: a pair trade that bets on stocks that thrives in an economy sinking into stagflation.
There have been few winning strategies to seek refuge in as the stock rout sparked by U.S. President Donald Trump’s start-stop tariff war drags on for a third week. One, though, is soaring right now: a pair trade that bets on stocks that thrives in an economy sinking into stagflation.
“All our policy analytical work says that if you get tariffs for any length of time on the order of what is already being proposed and considered, that’s a recipe for much slower growth and much higher inflation,” said Julian Emanuel, chief equity & quantitative strategist at Evercore ISI. Guidance from blue-chip US companies has been deteriorating as well. Two of the biggest US airlines have slashed their forecasts, while Walmart Inc., a barometer of US consumer strength, also warned of weakness ahead.
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