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Tech Strength and Fiscal Risks: A.I. Boosts Economy, Tariffs Ease, Fed on Hold
Manage episode 486675863 series 3645668
David Finkelstein says the greatest strength in the economy is in the technology sector, driven by A.I. innovation and productivity enhancements. However, he sees the biggest risks on the fiscal side, citing the country's unsustainable level of debt and interest burden. Finkelstein believes tariffs will average in the low double digits, down from 18% previously, and expects the market to become desensitized to trade uncertainty. On the Fed, he predicts no rate cuts until the fourth quarter, when the employment mandate takes center stage due to a slowing economy and tariff-related uncertainty.
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5145 episodes
Manage episode 486675863 series 3645668
David Finkelstein says the greatest strength in the economy is in the technology sector, driven by A.I. innovation and productivity enhancements. However, he sees the biggest risks on the fiscal side, citing the country's unsustainable level of debt and interest burden. Finkelstein believes tariffs will average in the low double digits, down from 18% previously, and expects the market to become desensitized to trade uncertainty. On the Fed, he predicts no rate cuts until the fourth quarter, when the employment mandate takes center stage due to a slowing economy and tariff-related uncertainty.
======== Schwab Network ========
Empowering every investor and trader, every market day.
Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe
Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185
Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7
Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch
Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore
Watch on DistroTV - https://www.distro.tv/live/schwab-network/
Follow us on X – https://twitter.com/schwabnetwork
Follow us on Facebook – https://www.facebook.com/schwabnetwork
Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/
About Schwab Network - https://schwabnetwork.com/about
5145 episodes
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