US Bank Wealth Management senior investment strategist Rob Haworth joins Market Domination to discuss his economic outlook as Trump confirms another round of tariffs taking effect March 4, including 25% on Canada and Mexico and an additional 10% tariff on China.
Haworth describes his current stance on tariffs as "wait and see," noting he wants to evaluate how it impacts the data. He points to "concerning" economic indicators that have emerged in recent weeks, specifically January retail sales and this week’s initial jobless claims.
"We’re waiting to see if there’s a trend that we are damaging consumption in this economy," he tells Yahoo Finance. Haworth also emphasizes he is closely monitoring consumer spending behavior, adding, "What we’ve heard from earnings season so far is companies are not clear on the full year of 2025."
Despite these concerns, Haworth maintains that "it’s a glass half-full economy," citing 4% unemployment, low jobless claims, and robust consumer spending.
He concludes, "We still have a fairly constructive background, and we don’t want to miss the next level for the market."
To watch more expert insights and analysis on the latest market action, check out more Market Domination here: https://finance.yahoo.com/videos/series/market-domination/
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