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Schwab Network

April 2 Volatility 'Underpriced,' SPY v. EEM Value

9 min27 mars 2025

Markets are bracing for President Trump's reciprocal tariff plans set to come next Wednesday. Danny Kirsch argues those plans are still "underpriced." He talks about the volatility he's expecting and why optimism around tariffs being parred down should be dialed back. On the foreign trade, Danny turns to recent outperformance in emerging markets to the U.S. by measuring ratios between EEM and SPY.


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