1. Consulting firms see higher demand due to tariffs introduced by Trump. 2. PwC reports double-digit growth in revenue since April 2 tariff announcement. 3. Businesses are reassessing strategies amid supply chain and tariff-related pressures. 4. Increased urgency from clients to act on potential tariff impacts observed. 5. Industrial and consumer sectors especially seeking guidance for supply chain management.
Increased demand for consulting indicates businesses are actively adapting, potentially stabilizing market effects caused by tariffs. Historical precedent shows that consulting firms' growth can positively influence market confidence and S&P 500 valuation.
The sustainability of growth in consulting indicates businesses adapting positively to tariffs, which may bolster investor confidence in the S&P 500.
The immediate focus is on navigating current tariff challenges. Companies are adapting quickly, which could stabilize market performance over the near term.