2025-06-04
22 分钟Balance your trading strategy by adding futures.
CME Group helps you manage risk and capture opportunities in all market environments.
Capitalize on around the clock access to highly liquid global futures and options markets across all major asset classes.
Visit your online broker and get started.
See what adding futures can do for you at cmegroup.com slash podcast.
Derivatives are not suitable for all investors and involve the risk of losing more than the amount originally deposited and any profits you might have made.
This is not a recommendation to offer to buy, sell or retain any specific investment or service.
U.S.
President Donald Trump's so-called reciprocal tariffs rocked global markets earlier this spring.
And during that time,
my colleague Antoine Guerra was watching closely to see how three of the biggest firms on his beat would respond.
Blackstone, Apollo and KKR are the three leading private capital firms on Wall Street.
And within about a month of Trump's tariff announcements,
the ones that sent markets into a complete freefall,
each of these firms had to report quarterly earnings and they also had to hold conference calls with their shareholders.
These firm stocks had been battered by the announcement.
Each one's share price suffered losses of roughly 10 percent in the immediate aftermath.
But later on those investor calls, Antoine noticed something different.
They were making very distinct cases on how each of these firms individually were best positioned to handle the coming market turmoil.
They were really making pretty forceful cases on why they were going to do better than their rivals across the street.