Markets shrug off US appeals court's decision to reinstate tariffs

CHARLESTON, S.C., May 29, 2025 - Jim Carroll, Senior Wealth Advisor and Portfolio Manager for Ballast Rock Private Wealth spoke with Reuters about the market impacts of the continually evolving landscape for tariffs:

"It's just impossible to decipher all of these shenanigans. You really either need to be a long-term investor and just turn off the television, or you have to be a very active trader. Anything in between, you're really setting yourself up for problems. We have tried to communicate to clients that this is an environment in which discipline is going to be tested. I don't know how you would make all of this something actionable for anyone in the markets, because as soon as you thought you knew something, something else pops up and the market runs in the opposite direction."

About Ballast Rock Private Wealth:

Ballast Rock Private Wealth is an independent Registered Investment Advisor that provides holistic financial advice to accredited high-net-worth individuals. The firm, formed in 2022 by investment management firm Ballast Rock, focuses on offering objective, unbiased guidance with an enhanced focus on alternative investments.

About Ballast Rock

Ballast Rock is an integrated investment management company specializing in delivering risk-adjusted returns, accurate, and timely advice, high quality frequent reporting, and direct access to management. Ballast Rock operates Ballast Rock Asset Management, Ballast Rock Private Wealth, and Ballast Rock Capital. Ballast Rock Asset Management comprises Ballast Rock Real Estate, which includes the firm’s Sunbelt multifamily real estate funds, and Ballast Rock Ventures, comprising venture capital and private equity teams. Ballast Rock Private Wealth is a registered investment advisor, with a focus on alternative strategies. Ballast Rock Capital (member FINRA/SIPC) is an SEC-registered broker-dealer.