Market Insights – Tariffs

Here are the highlights from the latest Market Insights video with Evan Coffey and Eric Parnell:

• Supreme Court Ruling on Tariffs: The Supreme Court ruled that President Trump cannot unilaterally impose broad tariffs under IEEPA, creating uncertainty around effective tariff rates, potential refunds, and future enforcement. 
• State of the Union & Economic Backdrop: President Trump’s address emphasized patriotism and tariff resolve, while economic data shows moderating growth, slightly higher unemployment, and sticky inflation. 
• AI Trade Rotation, Not Collapse: Despite headlines warning that the AI boom is fading, market performance suggests rotation rather than systemic weakness, with equal-weight indices, small caps, and cyclical sectors outperforming even as large-cap technology faces valuation pressure. 

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Eric Parnell and Evan Coffey are solely investment advisor representatives of Great Valley Advisor Group, and not affiliated with LPL Financial. Any opinions or views expressed by them are their own and are not those of LPL Financial. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth may not develop as predicted.

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Eric Parnell, CFA Chief Market Strategist

Eric Parnell is the Chief Market Strategist for Great Valley Advisor Group. Eric applies his expertise in finance and economics to manage multi-asset portfolios, mitigate risk, deliver advice that promotes informed decision-making, and facilitate investors achieving their short-and long-term investment goals. He leads the GVA Asset Management platform overseeing the management of asset allocation models for GVA advisors and their end clients.

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