In this week's jam-packed Market Minutes recap, hear from our team of experts as they share their perspectives on the latest economic reports. Our panel shares detailed insights into the ISM Report on Business, new non-farm payroll data, tariffs, the equities market, and rate cuts.
Speakers:
Brian Pietrangelo, Managing Director of Investment Strategy
George Mateyo, Chief Investment Officer
Rajeev Sharma, Head of Fixed Income
Stephen Hoedt, Head of Equities
01:13 – The ISM Report on Business was released and indicators showed Manufacturing has continued to remain in a contractionary phase, while Services continues to be in an expansionary phase for the fifth year
01:49 – The Bureau of Labor Statistics New Non-Farm Payroll was reported above expectations for March at 228,000
02:32 – Reactions on the recent White House press conference surrounding U.S. President Trump’s executive order on tariffs
03:06 – Comments on the new U.S. tariff policy, soon to be established, and what can U.S. and global markets expect from both universal and reciprocal tariffs
08:38 – Remarks on the equities market and its volatility after the new tariff policy was signed into order; experts are seeing possible trends in the markets with the current U.S. economy, similar to the initial shock in the economy during the COVID-19 Pandemic
12:59 – Based on recent ISM Report on Business and the new U.S. tariff policy, the bond market is predicting a higher chance of the U.S. economy heading into a recession, calling for the Federal Reserve to implement rate cuts, more than initially expected, in 2025
17:12 – Final comments on remaining invested in high-quality, diversified portfolios
Additional Resources
Key Questions: How Much Tech Do You Really Own? | Key Private Bank
Key Questions | Key Private Bank
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