The S&P 500 has shown remarkable resilience in 2025, maintaining its gains despite facing two significant economic challenges. According to Fundstrat’s Tom Lee, the index has weathered the storm of U.S. President Donald Trump’s tariff impositions on key trading partners. Despite these trade tensions, the S&P 500 has managed to hold onto a 12% increase for the year. This performance suggests that the market’s reaction to the tariffs has been less severe than anticipated, with Lee describing the impact as “more bark than bite.”
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