Stocks have bounced sharply off their spring lows following Trump’s “Liberation Day” tariff announcements, and some Wall Street pros say the worst may be over, setting the stage for a relatively calm summer session.
Will McGough, deputy chief investment officer at Prime Capital Financial, echoed the view that markets may stay quiet through the summer, noting even long-term Treasury yields, a top concern in recent weeks, have remained mostly range-bound between 4% and 5%, despite ongoing noise out of Washington.
“My recommendation right now is to enjoy the summer,” he said. “There’s not really anything that’s going to get us excited about that range being broken substantially to the upside or downside,” he added, noting the lack of significant, near-term catalysts likely to move markets meaningfully.
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