Latest news with #Stucky
CNBC
4 days ago
- Business
- CNBC
The market's rebound may put stocks at risk when the full tariff impacts take hold
The stock market has rebounded back above its April 2 levels before the impact of President Donald Trump's tariffs have fully hit the economy, and that could leave equities vulnerable if the data does start to sour. JPMorgan Strategist Mislav Matejka warned in a note to clients on Monday that the rebound since early April was boosted by some technical factors that no longer apply and that valuations are "stretched." "Positioning is not cautious anymore, short covering was significant and the systematic rerisking took place, ... future equity moves should be more driven by fundamental outcomes, rather than technicals," Matejka wrote. His team is looking for economic growth to soften and a potential rise in consumer prices in the months ahead, as "payback for frontloading of orders" ahead of tariffs, could reignite fears of the dreaded "stagflation." Add that all together and you have the environment for a weaker period for stocks. .SPX YTD mountain The S & P 500 is well above its April lows but has not made a new high since February. The tariff situation is far from settled. Trade tensions were stoked again on Monday when China pushed backed against the Trump administration's claims that it had broken the preliminary agreement reached in Geneva. But even if the latest flare up blows over, the market rebound could be overlooking the fact that tariffs are still well above their pre-Trump levels, even after all the pauses and reductions. "It looks like the tariff rate is not going to be in the mid-20s, but what's on paper today is still 12%, and that's still a big jump in terms of what the ultimate hit to the economy is," said Matt Stucky, chief portfolio manager for equities at Northwestern Mutual Wealth Management. To be sure, Northwestern Mutual is not forecasting a recession. Stucky said the downside risk for the market is probably more of a "run-of-the-mill" correction unless the unemployment rate starts to climb. Another key data point to watch is consumer spending, which is still solid and helping to support the stock market, Stucky said. "That might change though. ... We'll see how consumers actually react to higher prices when they arrive later this month and into the summer," he added.
Yahoo
16-04-2025
- Business
- Yahoo
Messiah University names interim president
MECHANICSBURG, Pa. (WHTM) — Messiah University announced that the board of trustees has named a new interim president. According to the University, Dr. Jon C. Stuckey has been appointed interim president starting July 1, 2025. Dr. Stucky, who currently serves as the university's vice president for advancement, was appointed yesterday after a special vote by the board. 'Dr. Stuckey is an experienced higher education professional with an established record of effective leadership and strategic initiatives, as well as published research, grant writing, and teaching,' said David Millary, acting chair of Messiah's board of trustees. 'His successful organization of capital campaigns has resulted in millions of dollars for facilities, programs, and scholarships for the university. We believe his leadership will advance our institutional mission during this important time of change and will continue Messiah's distinctive Christ-centered educational outcomes in the lives of our students.' According to Messiah University, the university previously attempted to find a ninth president but announced it would move on to an interim presidency. The board said it would update the public on its plan for the presidential search later. The university said Stucky will succeed President Kim S. Phipps, PhD., who announced her retirement last June. 'Jon Stuckey is an outstanding selection to lead Messiah University during this critical transition,' said President Kim Phipps. 'He is trusted and respected by the campus and extended communities, and his deeply held Christian faith, personal integrity, warm compassion, and servant leadership are exhibited on a daily basis. Jon has demonstrated passion and support for Messiah's mission over the past 25 years. I am confident that his proven ability to collaborate with Messiah's students, alumni, faculty, employees, trustees, and friends makes him an ideal fit to help Messiah navigate the university's current challenges and opportunities.' Messiah University is a private, Christian university near Mechanicsburg, Pennsylvania. Established in 1909, it currently serves over 3,300 undergraduate and graduate students. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
