Hightower Podcast: Collective Wisdom

Andy Morse, senior partner at Morse, Towey and White Group in New York, said that investors can't believe that politics doesn't impact the market because earnings and policy are two factors that go a long way to driving the market. Morse said that interest rates have settled down -- even if future cuts and hikes are uncertain -- but that trade concerns continue to make it tough on manufacturers and farmers. While he expects trade issues to be resolved, Morse made it clear that he does not expect the economy and market to be overly robust going forward.