Global markets sink lower, but some money managers see value amid Trump's tariff strategy [FOX Business Network]
JP Morgan Chase & Co. (JPM)
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Source: FOX Business Network
Despite the market decline over the past week, some money managers have held a strong belief that the president's intentions will benefit U.S. markets and the economy long-term. "Global markets sold off, partially in response to our market selloff on Friday. Expect to see a relief rally very soon. However, we won't start our recovery until we get more clarity on the tariff situation. I expect trade deals to start pouring in this week," Michael Murphy, CEO and founder of Rosecliff Ventures, told Fox News Digital Monday. "Now is the time to be adding to the market," Murphy said. "This will pass, and I expect it will pass quickly." At last Wednesday's "Liberation Day" , Trump presented a board illustrating the tariff barriers that foreign countries place on the U.S. The president also announced a plan to implement reciprocal tariffs should trade deals not be reached. This includes a 34% reciprocal tariff on China, 20% on the European Union, 46% on Vietnam, 32% on Taiwan, 36% on Th
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