The Battle Over Tariffs Is Not Over - Market Implications

Lawrence FullerInvesting Group LeaderFollow5ShareSavePlay(8min)Comments(3)SummaryRecent economic data signals a mid-cycle slowdown, with Q4 GDP growth at 1.4% and inflation accelerating unexpectedly.Tariff policy remains volatile: a Supreme Court ruling briefly lowered tariff rates, but a new 10% tariff was quickly imposed, maintaining uncertainty.Consumer spending growth is decelerating as inflation rises, with durable goods prices notably impacted by companies passing on tariff costs.Despite tariff headwinds, AI-driven capital spending and fiscal stimulus should offset pressures in 2026, though the 2027 outlook depends on evolving trade policy.This idea was discussed in more depth with members of my private investing community, The Portfolio Architect. Learn More »Getty Images The economic data reported before Friday's open had hints of stagflation, as growth was slower than expected, while inflation rose more than expected. That was not welcome news for investors, but the business surveys from S&P Global that were conducted in mid-FebruaryThis article was written byLawrence Fuller23.15K FollowersFollowLawrence Fuller has been managing portfolios for individual investors for 30 years, starting his career at Merrill Lynch in 1993 and working in the same capacity with several other Wall Street firms before realizing his long-term goal of complete independence when he founded Fuller Asset Management. He also manages the Focused Growth portfolio on the new fintech platform called Dub, which is the first copy-trading platform approved by securities regulators in the US, allowing retail investors to copy the portfolio and ongoing trades of the manager they choose automatically. You can also find him on Substack and lawrencefuller.substack.com.He is the leader of the investing group The Portfolio Architect, which focuses on an overall economic and market outlook that complements an all-weather investment strategy designed to produce consistent risk-adjusted market returns. Features include: Portfolio construction guidance, access to an “All-Weather” model portfolio and a dividend and options income portfolio, a daily brief summarizing current events, a week ahead newsletter, technical and fundamental reports, trade alerts, and 24/7 chat. Learn More.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Lawrence Fuller is the Principal of Fuller Asset Management (FAM), a state registered investment adviser. He is also the manager of the Focused Growth portfolio on the copy-trading platform Dubapp.com. Information presented is for educational purposes only intended for a broad audience. The information does not intend to make an offer or solicitation for the sale of purchase of any specific securities, investments, or investment strategies. Investments involve risk and are not guaranteed. FAM has reasonable belief that this marketing does not include any false or material misleading statements or omissions of facts regarding services, investment, or client experience. FAM has reasonable belief that the content as a whole will not cause an untrue or misleading implication regarding the adviser’s services, investments, or client experiences. 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