Goldman Sachs' David Kostin: Sustained tariffs could hit S&P earnings by 2-3% (youtube.com)
... if tariffs are more than an cudgel. Last time, though, the consumer injested it and it wasn't a big deal. Also, the Fed can cut.
European and Asian sentiment about the US is still high.
US companies reinvest much more back into their companies than other places in the world. And LargeCap Tech even more again.