Markets are like people on cocaine: Deepak Shenoy says markets overreact, Nike will weather tariffs
As markets digest the impact of sweeping new U.S. tariffs, Deepak Shenoy, founder and CEO of CapitalMind, argued that fears about their effect on companies like Nike Inc. are overblown and disconnected from business fundamentals — even as shares of the sneaker giant dropped sharply. “Markets are basically like people who have taken cocaine. Overreact…