Kevin Gordon

1 month ago | advisorperspectives.com | Liz Ann Sonders |Kevin Gordon

In mid-March, we penned a report on rising recession risk—which as a reminder, was prior to the "Liberation Day" announcement, and subsequent delays on the implementation of tariffs. Reading it again is a good primer for this report. It has become no easier to gauge the trajectory of the economy since then; especially since a recession would be a "policy choice" of sorts. Barring more of a permanent backpedal, recession odds appear to us to be better than even.

1 month ago | schwab.com | Liz Ann Sonders |Kevin Gordon

In mid-March, we penned a report on rising recession risk—which as a reminder, was prior to the "Liberation Day" announcement, and subsequent delays on the implementation of tariffs. Reading it again is a good primer for this report. It has become no easier to gauge the trajectory of the economy since then; especially since a recession would be a "policy choice" of sorts. Barring more of a permanent backpedal, recession odds appear to us to be better than even.

1 month ago | advisorperspectives.com | Liz Ann Sonders |Kevin Gordon

The trade war is ongoing, notwithstanding last week's 90-day pause on some tariffs. The level, scope, and targeted countries seems to be a daily moving target, but given what we know now, it's estimated that the U.S. weighted average tariff rate is nearly 25%, the highest in more than a century, as shown below. Amid all the tariff-related market volatility, there was a lot of chatter last week about a "Trump put" (a threshold of market weakness sufficient for the administration to adjust policy).

1 month ago | schwab.com | Liz Ann Sonders |Kevin Gordon

The trade war is ongoing, notwithstanding last week's 90-day pause on some tariffs. The level, scope, and targeted countries seems to be a daily moving target, but given what we know now, it's estimated that the U.S. weighted average tariff rate is nearly 25%, the highest in more than a century, as shown below. Source: Charles Schwab, Fitch Ratings, Census Bureau, U.S. International Trade Commission, Bloomberg Economics, as 4/11/2025.

2 months ago | schwab.com | Liz Ann Sonders |Kathy A. Jones |Kevin Gordon

Modal can be closed by pressing Escape key. KATHY JONES: I'm Kathy Jones. LIZ ANN SONDERS: And I'm Liz Ann Sonders. KATHY: And this is On Investing, an original podcast from Charles Schwab. Each week, we analyze what's happening in the markets and discuss how it might affect your investments. Well, hi, Liz Ann. Welcome back. So last week, we covered a bunch of recent questions we've been hearing from people.