30 May 2025
Key Topics
LGT Crestone Head of Public Markets Todd Hoare joined Ricardo Gonçalves on SBS’s On the Money podcast to unpack the market implications of a U.S. court ruling that blocked Donald Trump’s use of reciprocal tariffs.
Todd notes that while this marks a rare rollback of a former president’s signature policy, it also reinforces the strength of institutional guardrails - like the judiciary, the Fed, and bond markets - that help contain volatility. With Trump now seen as operating within a defined lane, markets can price in greater stability. As Todd explained, in a post-liberation day environment, a constraints-based approach remains the most effective way to invest.
