Insights
In a recent appearance on CNBC’s Fast Money, Julie Biel, Chief Market Strategist at Kayne Anderson Rudnick, shared her concerns about the economic impact of the latest round of tariffs. According to Biel, the most pressing issue isn’t just the tariffs themselves, but the uncertainty they create—leading to what she described as a “level of paralysis” in business investment and hiring.
“We’re already seeing [this paralysis] in survey data before the tariffs were announced,” Biel said. She likened the situation to a landlord telling you to move out, then reversing the decision a week later—“you’d still be looking around for another place to live.” This lack of clarity, she explained, makes it nearly impossible for companies to plan long-term.
Biel emphasized that in this environment, investors should focus on businesses that are less dependent on trade and more resilient to policy shifts. She also pointed out that while globalization was expected to benefit everyone, the failure to reskill displaced workers has left many Americans feeling left behind.
This segment underscores the importance of quality investing and strategic positioning in volatile times.
This information is being provided by Kayne Anderson Rudnick Investment Management, LLC (“KAR”) for illustrative purposes only. Information in this article is not intended by KAR to be interpreted as investment advice, a recommendation or solicitation to purchase securities, or a recommendation of a particular course of action and has not been updated since the date listed on the correspondence, and KAR does not undertake to update the information presented. This information is based on KAR’s opinions at the time of publication of this material and are subject to change based on market activity. There is no guarantee that any forecasts made will come to pass. KAR makes no warranty as to the accuracy or reliability of the information contained herein.
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