Tariffs, Fed Policy, and Finding Value in a Volatile Market | Lindsey Bell and Shannon Saccocia

Excess Returns

In this episode of Excess Returns, Matt Ziegler is joined by Lindsey Bell, Chief Market Strategist of Clearnomics, and Shannon Saccocia, Chief Investment Officer of Wealth at Neuberger Berman. They dive deep into the current market volatility and economic uncertainties facing investors. From tariff concerns to shifting consumer behaviors, they provide valuable insights on navigating these challenging times while maintaining a long-term investment perspective.

Key topics discussed:

• Tariffs and Market Uncertainty: How ongoing tariff discussions are creating business uncertainty, affecting pricing decisions, and potentially impacting economic growth

• Consumer Resilience: Analysis of consumer spending patterns, the importance of employment stability, and how different consumer segments are responding to economic pressures

• GDP Growth Projections: Examination of current GDP forecasts, including the Atlanta Fed's concerning Q1 projections, and why these numbers might be overly pessimistic

• Federal Reserve Strategy: Discussion on potential interest rate cuts for 2025, how the Fed is balancing inflation concerns with economic growth, and the challenges of monetary policy during tariff implementation

• Market Broadening: Insights on investment rotation beyond the Magnificent 7 tech stocks into sectors like healthcare, financials, and consumer discretionary

• International Investment Opportunities: Why investors should consider international exposure, particularly in European markets and potentially emerging markets including China