Brendan Brown discusses what he calls “strong headwinds” facing U.S. stocks and his thoughts on investing. He speaks with Guy Johnson on Bloomberg Television’s “The Pulse.

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President Donald Trump shakes hands with President of the European Commission Ursula von der Leyen as he announces a trade deal with the EU at Trump Turnberry golf club on July 27, 2025, in Turnberry, Scotland. (Andrew Harnik via Getty Images)