We Remain Bullish on S&P: John Stoltzfus

John Stoltzfus, Chief Investment Strategist at Oppenheimer & Co., joins to discuss lowering his highest-on-Wall Street S&P target and whether he believes equities will bounce back in 2025. Investors remain flummoxed after President Trump's recent remarks and those of his advisers have created confusion and volatility in markets, with investors struggling to understand his negotiating criteria and the lack of a streamlined process for considering exceptions to the tariffs. He speaks with Bloomberg's Tom Keene and Paul Sweeney on Bloomberg Radio.

Stocks headed toward the biggest gain since November and bonds fell after Treasury Secretary Scott Bessent fueled hopes of trade deals, marking a dramatic shift in Wall Street sentiment following a selloff that chopped trillions of dollars off global markets.

While the S&P 500 pared an advance that earlier topped 4%, every major group rose on Tuesday. Some of the hardest hit companies during the recent rout jumped, with big tech leading gains. While there’s no consensus on whether shares have found a bottom, the bounce brings relief to investors rattled by intense swings.

It’s a much-needed reprieve for traders who’ve been bracing for a market crunch on a par with the pandemic and the global financial crisis. Across world markets, investors have been gripped by fears that something may break in the financial plumbing amid the cross-asset volatility, spurring speculation the Federal Reserve would need to speed up rate cuts.

--------

Watch Bloomberg Radio LIVE on YouTube

Weekdays 7am-6pm ET

Follow us on X

Subscribe to our Podcasts:

Bloomberg Daybreak

Bloomberg Surveillance

Bloomberg Intelligence

Balance of Power

Bloomberg Businessweek

Listen on Apple CarPlay and Android Auto with the Bloomberg Business app:

Apple CarPlay

Android Auto

Visit our YouTube channels:

Bloomberg Podcasts

Bloomberg Television

Bloomberg Originals