Gene Munster, managing partner at Deepwater Asset Management, has expressed concern over the potential impact of new tariffs on the tech sector, particularly on “Mag Seven” stocks.
What Happened: Speaking to CNBC on Monday, Munster noted that most of the “Mag Seven” tech stocks have been on a downward trend this year, with Meta being the only exception. He anticipates that the sector could face additional pressure as new tariffs are set to take effect on April 2. Munster called April 2 the ‘Vortex Day’ and stated that this date is also significant as Tesla’s delivery numbers, expected to be weaker than anticipated, will be released.
Gene Munster, managing partner at Deepwater Asset Management, has expressed concern over the potential impact of new tariffs on the tech sector, particularly on “Mag Seven” stocks.
What Happened: Speaking to CNBC on Monday, Munster noted that most of the “Mag Seven” tech stocks have been on a downward trend this year, with Meta being the only exception. He anticipates that the sector could face additional pressure as new tariffs are set to take effect on April 2. Munster called April 2 the ‘Vortex Day’ and stated that this date is also significant as Tesla’s delivery numbers, expected to be weaker than anticipated, will be released.
Gene Munster, managing partner at Deepwater Asset Management, has expressed concern over the potential impact of new tariffs on the tech sector, particularly on “Mag Seven” stocks.
What Happened: Speaking to CNBC on Monday, Munster noted that most of the “Mag Seven” tech stocks have been on a downward trend this year, with Meta being the only exception. He anticipates that the sector could face additional pressure as new tariffs are set to take effect on April 2. Munster called April 2 the ‘Vortex Day’ and stated that this date is also significant as Tesla’s delivery numbers, expected to be weaker than anticipated, will be released.
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