Virtus' Terranova: The economy will cool off, bringing interest rates down

The show wraps up interviews taped at FutureProof Citywide in Miami today, with Joe Terranova, chief market strategist at Virtus Investment Partners noting that the Trump Administration is not disturbed with the recent price action on the stock market, because they know that the economy must cool off to get lower interest rates and energy prices. Moreover, he notes that a prolonged tariff battle will impact earnings growth, which will be the key determinant of what the market can achieve this year. Tony Rodriguez, head of fixed income strategy at Nuveen, expects the Federal Reserve to make two interest-rate cuts this year and talks about the asset classes that will benefit the most from them. Barry Martin — the manager of Shelton Equity Income — discusses where investors can find strong income now, using options as an overlay to goose returns. The show also features interviews with Laura Lutton, global head of manager research at Morningstar, and Brad Smithy, head of wealth management at Elevation Point.