Investors should breathe easy - for now

Don't let the volatility scare you. Not yet, anyway.Leo Grohowski, chief investment officer of BNY Mellon Weal...

Posted: Jul 19, 2018 1:03 AM
Updated: Jul 19, 2018 1:03 AM

Don't let the volatility scare you. Not yet, anyway.

Leo Grohowski, chief investment officer of BNY Mellon Wealth Management, thinks that the market will remain strong this year.

Grohowski will join CNN anchor Zain Asher on "Markets Now" on Wednesday to discuss what's coming for the economy and the stock market in the near term. The bank expects the economy to continue to grow over the next 12 to 18 months and inflation to tick up slightly this year.

BNY Mellon is forecasting another strong earnings season, which should help boost the market. Grohowski is particularly bullish on the tech, energy and materials sectors.

Even trade escalations have failed to shake the market recently. Grohowski said that possible negative ramifications from the trade war are relatively small.

Other investors, like Mohamed El-Erian, have also said that the United States may be better off because of the tariffs. Still, the escalating trade war is dangerous.

Related: Watch 'Markets Now' here every Wednesday at 12:45 p.m. ET

El-Erian warned that the Trump administration's aggressive approach is risky.

"There's a risk of a policy mistake. There's a risk of an accident," Allianz's chief economic adviser said on "Markets Now" last week. "And that risk goes up every time we have an escalation."

CNNMoney's "Markets Now" streams live from the New York Stock Exchange every Wednesday at 12:45 p.m. ET. Hosted by CNNMoney editor-at-large Richard Quest and others, the 15-minute program features incisive commentary from experts.

Recent guests include BlackRock's Rick Rieder, Stifel Chief Economist Lindsey Piegza and bitcoin bull Mike Novogratz, in addition to El-Erian.

You can watch "Markets Now" at CNNMoney.com/MarketsNow from your desk or on your phone or tablet. If you can't catch the show live, check out highlights online and through the Markets Now newsletter, delivered to your inbox every afternoon.

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