The S&P 500 was soaring on February 19, hitting a record-high close. It didn’t take long for things to turn south. As President Trump follows through on previously delayed tariffs on Canada and Mexico and increasing existing tariffs on China, the markets have taken a downturn. But is there a silver lining? Join Transamerica Asset Management, Inc., CIO Tom Wald for a new Market Pulse podcast as he discusses the shift in sentiment and where things might go from here. Despite the recent volatility, Tom believes there could an opportunity for investors if the tariffs prove to be short-lived and the Federal Reserve cuts interest rates in the months ahead. President Trump’s proposed tax cuts also could prove favorable for stocks, prompting Tom to stick with his year-end price target on the S&P. Hear more about how Tom’s pre-year predictions for value stocks and international stocks are proving to be true and why he remains optimistic for the markets in 2025.