The current bull run of the US stock market has led many to believe it’s unstoppable due to President Donald Trump’s limited response to tariff threats on Wall Street. However, some market experts argue that investors are underestimating the risks associated with existing tariffs, regardless of any future increases.
Source: https://www.bloomberg.com/news/articles/2025-07-20/-priced-for-perfection-tariffs-loom-over-richly-valued-stocks