The David Lin Report · Thursday, July 2, 2026
Chris Galipeau asserts that geopolitical events, while causing short-term market reactions, do not significantly influence long-term stock market performance. He argues that earnings are the fundamental driver, citing historical data where the S&P 500 has averaged a 12% gain over 12 months following geopolitical events.
“Here's what you will see that the stock market reacts in the immediate term when something comes up like a rhyme like tariffs even”
“And the reason for that is the stock market doesn't care about geopolitics the stock market doesn't care about politics the stock market cares about earnings”
“and stock prices follow earnings over time”