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Stocks (^GSPC, ^IXIC, ^DJI) moved higher after a stronger-than-expected ISM services report and some relief from comments made by Commerce Secretary Howard Lutnick regarding tariffs. However, volatility remains a concern as the S&P 500 sees declines.
MetLife Investment Management chief market strategist Drew Matus and Ned Davis Research chief global investment strategist Tim Hayes join Catalysts hosts Madison Mills and Seana Smith to discuss the latest developments in the economy.
"If we look at the ISM that just came out, what we're seeing is that growth is OK and inflation is a little sticky, which is kind of what we had all known was going to be the case," Matus says.
"The wild card is the tariff situation and what impact that has," he adds. "And I think the biggest impact from tariffs is actually not inflation; it could be growth."
Regarding market movements and pessimistic consumer sentiment, Hayes notes, "Most stocks are still above their 200-day moving averages globally, and some markets like Europe are very close to new highs, so I think the sentiment is really out of line with the reality of what our indicators are telling us."
He adds, "This kind of pessimism is much greater than we usually see in a correction ... I think the sentiment will come back to what the fundamentals are telling us."
To watch more expert insights and analysis on the latest market action, check out more Catalysts here:
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2025/03/05
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