President Trump has proposed new tariffs on roughly 60 countries, adding another layer of uncertainty for investors. On a recent Opening Bid panel, Robinhood chief investment officer Stephanie Guild and Miller Tabak managing director Matt Maley discussed how markets are rotating in response to shifting trade policy and broader macroeconomic trends. Maley warned that a technology-led selloff could break the market’s complacency, while rising yields and commodity prices—including wheat, corn, and beef—are stoking inflation concerns ahead of the election. Guild said her firm is overweight materials and select industrials like CSX, has trimmed tech exposure since June, and is avoiding most financials except Visa due to its stablecoin story.
Robinhood Markets Inc
Visa Inc. Class A
CSX Corporation
GE Vernova LLC