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Citi US equity strategist Drew Pettit joins Seana Smith and Josh Schafer on Morning Brief to share his insights on current market (^GSPC, ^IXIC, ^DJI) dynamics, the impact of tariffs, and the potential for a "Trump put" in the market.
He emphasizes the importance of understanding the market's starting point and the effects of tariffs on earnings.
"When we introduce headwinds, like tariffs ... you're probably taking about three bucks off of 2025 earnings estimates every three months," Pettit explains. "You start to see these really acute moves in markets."
Pettit outlines key factors that could influence the market's trajectory, including macro concerns, interest rates, and tariffs.
He concludes, "Fed cuts because of weak economic data is not a good thing for markets anymore, [whereas] if we were talking about this two months ago, Fed cuts against a resilient backdrop was good for markets."
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here:
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2025/03/04
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