Latest news with #WinThin
New York Times
21-04-2025
- Business
- New York Times
Markets Slump on Persistent Concern That Tariffs Will Hurt Growth
Markets on Monday continued to reverberate from President Trump's trade war, with Japan stocks slumping, the U.S. dollar continuing to lose ground and oil prices slipping. U.S. stock markets, which reopen Monday after the Good Friday holiday, were pointing to a lower open. S&P 500 futures were nearly 1 percent lower. The Nikkei 225, Japan's benchmark stock index, fell 1.2 percent in early trading. The Nikkei ended last week on an upswing on hopes of a trade deal with the United States. Elsewhere, Taiwan's benchmark fell 1.4 percent, while the Shanghai Composite gained 0.31 percent. Stocks in Japan and Taiwan, both of which are highly intertwined trading partners with the United States, are the worst performers this year in Asia. Oil futures, which have fallen as much as 24 percent since mid-January, were down about 1.5 percent on Monday, with Brent crude at about $67 a barrel. Oil prices are often considered a barometer of future economic growth, and they have been weighed down by the prospect that Trump's tariffs will damage international trade. The U.S. dollar continued its slide against Japanese yen on Monday, falling nearly 1 percent, the lowest since September. Against the euro, the dollar fell about as much, to the lowest in more than three years. 'We believe dollar weakness will continue,' said Win Thin, a managing director at Brown Brother Harriman, in a note. He noted though that recent gains in some currencies may not last because economic growth was likely to weaken. Want all of The Times? Subscribe.
Globe and Mail
14-04-2025
- Business
- Globe and Mail
The U.S. Economy Is ‘Nowhere Near the End of the Storm,' Says Wall Street Investor
The U.S. economy is 'nowhere near the end of the storm,' according to Win Thin, head of currency strategy at Brown Brothers Harriman. Speaking to CNBC, Thin said the idea that the U.S. economy is uniquely strong no longer holds true. He explained that earlier pro-growth policies like tax cuts and deregulation have been replaced with new measures like tariffs, deportations, and layoffs tied to the Department of Government Efficiency. These shifts have added a lot of uncertainty to the markets and made investors nervous. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Thin also pointed out that the market is acting unusually. Normally, when there's economic trouble, the U.S. dollar (UUP) gets stronger, but right now, it is actually getting weaker while Treasury yields are rising, which is not typical. He said that recent Treasury auctions have gone well, but there are growing worries about the U.S. becoming a less attractive place to invest because of unpredictable policy changes. 'Markets like certainty, they hate uncertainty,' Thin said. Interestingly, Thin called the dollar's recent weakness 'cyclical' and 'man-made' and blamed it on three months of unpredictable government actions. As a result, he said that it will take time and more stability from Washington in order to rebuild trust with investors. Thin believes the U.S. is just beginning to deal with these challenges and that the usual market signals are no longer behaving as expected. Is SPY a Buy Right Now? Turning to Wall Street, analysts have a Moderate Buy consensus rating on the SPDR S&P 500 ETF Trust (SPY) based on 412 Buys, 84 Holds, and eight Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average SPY price target of $671.82 per share implies 25.2% upside potential. See SPY's holdings
