Investors consider the impact of weakening economic data and US President Donald Trump’s tariffs. Crossmark Global Investments chief market strategist Victoria Fernandez joins Morning Brief with Seana Smith and Brad Smith to discuss why the current market requires investors to be careful in deciding where to put their money.
The strategist says the market’s resiliency despite looming uncertainties is “justified to an extent” as “there’s probably a little bit more room to go here.” She explains, “We know 70% of our economy is driven by the consumer, and the consumer continues to spend. We’ve seen that in the consumption numbers.”
“Is there a little bit more room to run here because earnings are still supportive? Yes. But are we seeing things telling us the economy is going to slow down? Yes, we are seeing that as well. So I think you do have to be cautious in where you put your money to work,” Fernandez adds.
She notes that Walmart’s (WMT) earnings report, which sent the stock lower on a weaker-than-expected outlook, demonstrates this sentiment. “There’s going to be sectors that continue to do well and have support … [but] we have to wonder if the earnings we’ve been seeing this quarter are pulled ahead because of tariffs and other elements that people anticipate over the coming quarters.”
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
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