Stocks Tiptoe Higher, But Tariff Tensions Loom

2025-03-13 02:36:00 ET

Summary

• After dipping its toes into correction waters, the S&P 500 found a reason for at least a partial smile: oversold conditions.
• February’s CPI came in cooler than expected, rising 0.2% month-over-month versus a 0.3% forecast, and down to 2.8% year-over-year. Core CPI behaved similarly, easing slightly but stubbornly clinging above 3%.
• Trade tensions flared anew. Trump’s metal tariffs - 25% on imported steel and aluminum - went into effect overnight, causing no shortage of angst from across the pond.

Originally published on March 12, 2025

Stocks staged a modest bounce today - but, given the week’s initial bruising, it felt about as convincing as a magician’s rabbit emerging unharmed after two nights trapped under a steamroller....

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