Worries about tariffs and the economy sent the S&P 500 and Nasdaq Composite to their worst quarters since 2022, a setback that is pushing some investors overseas..
The Trump administration’s whipsaw rollout of a tariff fight with America’s biggest trading partners has analysts trimming forecasts for economic growth and lifting estimates for inflation. The tech trade that carried indexes to new highs is fizzling. Investors big and small have been shifting bets to Europe—where new spending plans could jolt a lethargic economy—and beyond.
Monday’s action highlighted the volatility pummeling markets in recent weeks. U.S. stocks opened sharply lower following a global selloff overnight, before an afternoon rally carried the broad index to its largest intraday recovery in more than two years.
“For the first time in a while, you can have a conversation about: Might European equities be the best place to be for the next two or three years?” said John Porter, chief investment officer at Newton Investment Management, which has been buying European stocks in many of its strategies in recent months. “You can have that conversation for reasons other than they’re cheap.”... Read More: WSJ