Cedears: After the worst fall of Wall Street since 2020, which sectors and companies better resisted tariff shock

The Financial markets lived on Thursday their most turbulent day in years after Donald Trump’s announcement On an aggressive tariff package, which fueled economic uncertainty and fear of a world recession. According to private estimates, Wall Street lost more than US $ 2.5 billion in Capitalization Bursátil in a single session. Even so, some Yields They showed greater resistance to collapse and experts analyze them.

And is that the S&P 500 fell 4.8% and closed in 5,396.52 units, which set up its worst day since June 2020. The Dow Jones Industrial Average lost 1,679.39 points, or 4%, to end at 40,545.93; while the Nasdaq Composite fell 6%to close at 16,550.61, its largest collapse since March 2020.

Of the collapse in the actions participated More than 400 companies of the S&P 500 They closed with losses. According to data from FACTSET, he Russell 2000 closed in the territory of bassist for the first time since 2022 and, in the last 24 hours, the actions of the leading index of the New York square lost some US $120,000 million per hourwhich translates into a total drainage of U $ 2.9 billion.

The actions of multinational companies collapsed. Nike ($ Nke) and Apple ($ AAPL) fell 14% and 9%respectively. Companies that depend strongly on imports were among the most affected: Five Below ($ Five) lost almost 28%, Dollar Tree (DLTR) fell 13% and GAP ($ GPS) 20%collapsed. Technology also did not escape the feeling of risk aversion: NVIDIA ($ NVDA) retreated almost 8% and tesla ($ TSLA) more than 5%.

From collapse to “Fly to Quality”: the options in Cedears

Despite the strong sales wavesome sectors managed to resist better than others. Defense sector companies such as Lockheed Martin ($ LMT) and The Philip Morris tobacco (PM) showed greater stability throughout the session. Both quote in the local square through their yield. Also, some companies of the Basic health and consumption sectoras Johnson & Johnson ($ Jnj) and Procter & Gamble (PG), registered more moderate falls, since investors sought refuge in assets considered safer in the face of market volatility.

Pablo LazzatiCEO of Insider Financeexplains in statements to Scope that, in contexts of high volatility and conflicts that affect whole countries the “Fly to Quality“It is the general rule, so the strategist argues that- at least- until the foam of this tariff war goes down, “The most conservative assets will be the winners”

American Treasury Bonds They were sued and positioned strongly in wallets of all types of investorssays Lazzati. While within the “commodities” segment, Gold is the great reference For these contexts and for months I start the rise.

“Among several, the actions or yields of the largest mining company in the world (Barrick Gold) It could be a good indirect value shelter, ”says Lazzati and adds that:“ The technological segment has been with significant falls for months and this Thursday they were among the most punished. At the moment we do not see purchase opportunity within that sector”, Concludes Lazzati.

And, as the expert explains, in the face of panic in the sharing market, investors resorted to the “treasuries.” The 10 -year Treasury Bonus yield fell to 4%driven by the strong demand for refuge.

What instruments did Argentines operate?

Alan Mac CarthyCEO of Front investmentshe comments on statements to this media that, “by double clicking on the impact that these ads had on the operations of Argentine investors and how he received them The S&P Mervalthere are some conclusions to get. ”

In line with Lazzari, and as a first conclusion, Mac Carthy, highlights the “Fly to Quality”. “This Thursday he felt both in international and local bags, with investors in full assets considered low risk or shelter against adverse contexts like the current one. ”

At the international level, conservative operations sought to position themselves in the North American government bonds (Treasuries) while at the local level ETF yields that replicates gold performance (GLD) which is one of the highest yield, with 18% to March, and one of the most demanded by investors since its launch in December 2024, says the strategist.

“As for the segment that most suffered Trump’s ads are the technological or the famous ‘big 7’ that observed great falls both their prices and the demand of these assets (in Yields and his actions in the US): $ AAPL: -9.2%, $ AMZN: -8.7%, $ TSLA: -5.7%, $ NVDA: -7.8%, $ goal: -9.1%, $ Goog: -3.8%and $ MSFT: -23%“He adds.

Magnificent Wall Street.jpeg index

Index of the Magnificent Wall Street.

And concludes: “The MEP dollar remained neutral both in demand and its pricewith a usual level of operations and its value closed over the $ 1,318. Despite being a volatile day and also the beginning of the month –When the Argentine saver usually buy dollars as soon as– The conclusion is that there was not much interest in the dollar this Thursday, ”he says.

While it is true that good purchase opportunities arise, At the moment from Front they recommend maintaining a cautious strategy and privileging positions in ETF of gold and actions or yields of mass consumption and energy until the stabilization of the commercial landscape.

He IEB Group concludes something similar in your strategy report: “Until Wall Street digit this republican trend to want to cool the American economy and perhaps the entire world on purpose Also, the Évaly market will continue with a negative bias, which It can be extended at least during the first half of the year and bounce later. “And closes:” Attentive to a ‘Bear Market’ increasing technical pattern indicating a possible bearish trend in the market “.