As the first quarter came to a close Tuesday, U.S. stocks ended lower for the day and the Dow Jones industrial average failed to post gains for the quarter. For private investor Evan Newmark, that means biding his time and not making any investment decisions.
"That whole quarter was a big nothing … I don't feel the need to do anything," the CNBC contributor said in an interview with "Closing Bell."
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"I think the thing to look for is whether or not the … economy come this spring manages to rebound, like I believe it will. [The] consumer confidence number was very strong."
The Conference Board's Consumer Confidence Index hit 101.3 in March, up from February and above analyst expectations.