Tech Strength and Fiscal Risks: A.I. Boosts Economy, Tariffs Ease, Fed on Hold

David Finkelstein says the greatest strength in the economy is in the technology sector, driven by A.I. innovation and productivity enhancements. However, he sees the biggest risks on the fiscal side, citing the country's unsustainable level of debt and interest burden. Finkelstein believes tariffs will average in the low double digits, down from 18% previously, and expects the market to become desensitized to trade uncertainty. On the Fed, he predicts no rate cuts until the fourth quarter, when the employment mandate takes center stage due to a slowing economy and tariff-related uncertainty.

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