Mark Newton Sees Opportunity in Trump-Driven Market Uncertainty 

FS Insight Team

This year, many investors have been worried that President Trump’s plans for an extensive raft of tariffs could weigh on markets as they slow economic growth and cause a resurgence of inflation. That’s not how Fundstrat Head of Technical Strategy Mark Newton sees it, however.

His assessment of markets post-Inauguration Day has been one of resilience. Appearing on Fox Business on Tuesday, Newton told “Mornings With Maria” host Maria Bartiromo that “everybody’s talking about tariffs and inflation, but the fact is the market has completely ignored all of these things.” The S&P 500 is up almost 5% year to date, and the Nasdaq is up almost 4% over the same period, he pointed out.

That’s not to say that Trump’s moves have gone unnoticed, however. “It’s been a choppy market,” Newton acknowledged, and “sentiment has grown quite pessimistic.” However, that’s not necessarily a bad thing. In fact, with investors uncertain about how the President’s tariffs might affect the economy, inflation, and Federal Reserve policy, “that actually creates a very bullish environment when there’s a lot of skepticism and people are on the sidelines,” he told Bartiromo. 

So based on what’s happened thus far, what sectors does Newton see doing well in 2025? “I still like Tech. I think Tech, along with Industrials, Financials, and Consumer Discretionary are really the overweight for this year for investors.” However, “this remains very much a stock picker’s market,” he warned. “You do have to be a little bit more selective.”

Subscribe to FS Insight research by Fundstrat to learn which Tech subsectors Mark Newton favors.

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