While investors are assessing the potential impacts of the “One Big Beautiful Bill Act,” this expert is urging investors to look beyond and consider a more potent market mover — U.S. tariff policy.
What Happened: Bob Elliott, CIO of Unlimited Funds, warns that the stock market is “underpricing the downside risks of the tariff rates,” arguing that the nuances of this policy are “far more important” than the much-touted legislative package.
Even after a recent “China deal,” Elliott observed that “rates are still quite elevated,” leaving open the question of whether further relief is on the horizon or if the U.S. will “revert” to higher tariffs.
The economic impacts, he explained, could range from a “loosening that could …