Hugh Johnson warns: Market entering volatile, trendless phase amid tariff chaos

July 11, 2025

Hugh Johnson Economics suggests the market will be volatile and trendless, mirroring the 2018-2019 trade war. Proposed tariffs on Canada and Brazil could impact global supply chains, with inflation numbers reflecting tariff effects. Slowing US consumption and global economic growth, particularly in China, may pressure oil prices, making equity market gains challenging in the near term.

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