Big Tech companies gain ahead of President-elect Donald Trump’s return to the White House. Academy Securities head of macro strategy Peter Tchir sits down with Morning Brief Seana Smith and Brad Smith to discuss his market expectations under Trump’s second term.
Big Tech leadership “might be getting carried away with itself a little bit,” Tchir says, noting, “I’m not going to touch it right now. I think [a Big Tech rally] can continue to go into December [or] early January, but I do think the friction with China is going to be impacting these businesses.”
“Trump is not going to bend over easily on China. He’s going to fight with them. It’s going to be very oriented around chips. I so I think that’s a risk,” he adds,
“It’s kind of funny because about a month ago, I felt I was trying to talk people off the ledge. ‘Trump’s not that bad. A lot of these are just bargaining points.’ And now everyone seems so comfortable and calm about everything he says and my experience with him, I think probably all our experiences, is when it gets calm, he likes to up the ante, so I would expect a little bit more noise coming from him … The market [has] become overly complacent.”
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This post was written by Naomi Buchanan.
