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Mar 27 Tariffs tank markets and there's no end in sight

Mar 27 Tariffs tank markets and there's no end in sight

$LSPD $TGT $NET

Mukund Mohan
March 27, 2025

Market

“The administration announced 25% tariffs on all auto imports. Normally that would have been good for American manufacturers of cars, but $GM $F and $STLA make 30%-55% of their cars outside USA” 👹 👐

Down day for all indices

There’s strength in non-tariff impact companies such as $RSG ( ▲ 1.48% ) and $T ( ▲ 1.64% ) but those are going to be short lived. The reason is tariffs will make autos expensive, which leads to fewer sales, which leads to layoffs, which leads to a recession. So the markets going to take a hit no matter what.

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