Full Signal Stocks to BUY for Trump's new tariffs! | Michael Casper
Feb 26, 2026
Michael Casper, senior US equity strategist at Bloomberg Intelligence, breaks down tariff winners and sectors most exposed to trade shifts. He highlights why materials, metals and small-caps are rallying. He explains the Titans vs Tulips framework and which industries may hold up or struggle under renewed tariffs.
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Tariff Ruling Gives Measurable Earnings Boost
- Supreme Court relief cuts Trump's effective Section 122 tariff rate from ~13.6% to about 12%, reducing cost pressure on S&P 500 companies.
- Bloomberg analysis finds ~43% of S&P 500 COGS sourced overseas, implying ~133 bps accretion to S&P 500 earnings from the ruling.
Section 122 Handcuffs Tariff Volatility
- Section 122 limits Trump to a non-discriminatory 10–15% blanket tariff, reducing the 'shoot-from-the-hip' volatility investors feared.
- That structural constraint lowers policy uncertainty, which Michael says is broadly positive for stocks.
China Brazil India Gain Most From Ruling
- Countries like China, Brazil, and India see the largest effective tariff rollback, benefiting U.S. firms with input exposure there.
- Tech, materials, and industrials have the biggest overlap of exposure to those regions.