Richard Bernstein, CEO and chief investment officer of Richard Bernstein Advisors, is holding a steady bullish market stance despite the back-and-forth tariffs and trade rhetoric between the United States and China.

Bernstein believes that “what’s driving the market is ultimately fundamentals… you’ll notice on days when we don’t hear the trade rhetoric, the fundamentals do come to the forefront, and you’ll see things like cyclical stocks outperforming.”

Bernstein explains the current market situation as a “little bit of shooting yourself in the economic foot.”

“The heart of the economy is actually quite strong, the market is trying to reflect that, but yet every now and then we have this rhetoric which takes us off rail a little bit,” he said.

Watch the full segment below:

Richard Bernstein Advisors is a participant in the ETF Strategist Channel.