Shark Tank’s Kevin O’Leary believes it is a great time to invest in stocks. He is unfazed despite the S&P 500 entering into correction territory after dropping over 10% since its February high. O’Leary expects the market to recover from the dip soon. In an interview with Yahoo Finance, O’Leary said that tariffs should be seen as “negotiating tools of economic warfare.” His statement follows Trump’s 25% tariffs on steel and aluminum imports. The US has further threatened to impose 200% tariffs on French champagne and European alcoholic beverages. Trump’s latest threat was in retaliation for the EU’s plan to impose tariffs on American whiskey products. The US stock market endured its highest three-week sell, with the S&P dropping to its lowest value in six months. Addressing the recession concerns, the Shark Tank judge said, “I’m in the camp that says Trump doesn’t want to trash the market indefinitely.” Shark Tank’s Kevin O’Leary doesn’t see a recession in the near future He believes Trump’s actions will not harm the market for an extended period. He is only focusing on balancing global trade for the United States. The ongoing correction is just short-term and will be resolved before next year’s midterm election. O’Leary said the recent sell-off should be seen as the ideal time for investments. Large companies are trading previously expensive stocks at much lower and more attractive prices. This provides upside potential for investors to buy into established companies. He mentioned the Russell 2000 index, which is “fraught with value all over the place.” The shark himself has invested more into index funds as they’re “on sale.” He says people are overreacting as if the world is ending when the situation is not really alarming. He said investors should focus on long-term gains and buy the dip rather than panic. Nobody likes volatility, but as an investor, you learn that you have to hold your nose, and when there’s blood in the streets, you have to be buying,” added O’Leary. O’Leary, who was given the title of “Mr Wonderful” for his sharp financial advice and blunt attitude, doesn’t “see the recession” anytime soon. He said, “I’m not saying we won’t have one, but I don’t see it yet.” Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
