Art Hogan may soon give his top market risk the boot.
The B. Riley FBR chief market strategist says President Donald Trump's decision to name Larry Kudlow as chief economic advisor may help thwart a trade war.
Hogan says Kudlow, who has been a CNBC senior contributor, will be a balancing voice in the White House when it comes to conducting economic policy.
"He's a very thoughtful man. He certainly believes that free market capitalism is the best path to prosperity," Hogan said Wednesday on CNBC's "Trading Nation."
The comments came on news that Kudlow accepted the role of National Economic Council director.
Hogan, who has known Kudlow for decades, says he'll be a great sounding board on trade. Last Thursday, Trump signed tariffs on aluminum and steel imports, and fears of retaliation have been circulating through global markets.