Kevin O’Leary, known for his role in 'Shark Tank,' believes now is the perfect time to invest in stocks, despite the recent market correction.
Market Correction and Tariffs: O’Leary’s Perspective
In an interview with Yahoo Finance, Kevin O’Leary stated that the tariffs introduced by President Trump are negotiation tools in economic warfare. His statement followed Trump’s implementation of 25% tariffs on steel and aluminum imports. The US has also threatened to impose 200% tariffs on French champagne and European alcoholic beverages, in retaliation for the EU’s plan to impose tariffs on American whiskey products. The US stock market endured its highest three-week sell-off, with the S&P 500 dropping to its lowest value in six months.
No Recession Fears According to O’Leary
O’Leary noted that President Trump doesn’t intend to damage the market permanently and his actions are aimed at balancing global trade for the United States. O’Leary sees the market correction as short-term and expects it to be resolved before the next year’s elections.
Investment Opportunities in the Current Scenario
Kevin O’Leary claims the recent price drop is an ideal time for investments, as large companies have become more attractive for investments. He also mentioned the Russell 2000 index, which has substantial value. O’Leary continues to invest in index funds, asserting that the public is overreacting to the current situation and focusing on long-term gains is essential.
Kevin O’Leary remains confident in the market's recovery and sees current correction as unique opportunities for investors.
