Maybe, and many people warned that it would take a while for the tariffs to show up in the numbers, but... GM, etc. have had 25% tariffs for quite a while, whereas other sectors had much lower tariffs (10%) and for a shorter period of time - and other companies are not directly affected by tariffs, so... We may still get one more quarter of decent to good earnings. How this could go on beyond the summer (and the likely start of retaliatory measures by other countries)... it beats me.
cqg quote board closed at 0.00%, just 1 tick down, while the news headline spx is up 4 pts, just another stupid day.