Tariffs turn market sentiment historically bearish
Staying the course, rather than acting on impulse, has often been the right move historically.
- By one measure, economic fears related to recent U.S. tariff announcements recently pushed equity market sentiment to its most bearish level in more than 30 years.
- Still, the global economy continues to expand, according to the Fidelity Asset Allocation Research team.
- In the past, staying the course in U.S. stocks amid a period of extreme bearishness often has been the right move: Sentiment extremes have tended to resolve with an upward price move for equity markets within six to 12 months.

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