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The markets (^GSPC, ^IXIC, ^DJI) are seeing significant volatility, driven in part by concerns over President Trump's trade policy. Yardeni Research president Ed Yardeni joins Market Domination Overtime with Josh Lipton and Julie Hyman to explain why he remains optimistic about the economy's prospects, despite some negative data.
"The consumer probably is going to remain resilient here," Yardeni says. "It didn't look that way with January numbers, but that could have been weather-related, and we're expecting to see that consumer spending is going to resume growing."
He also emphasizes that capital spending will remain strong, particularly in technology and infrastructure. Additionally, he believes that negotiations could lead to a reduction in tariffs, which would help ease some of the current economic pressure.
"All in all, we think it'll add up to an economy that's growing 1.5% — not minus 1.5% — in the first quarter," Yardeni concludes.
To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
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This post was written by Josh Lynch