Schwab Network
Episodes
Tech Corner: TSMC
25 Apr 2025
Contributed by Lukas
TSMC (TSM), also known as Taiwan Semiconductor Manufacturing Company, is the subject of this week's tech sector deep dive! George Tsilis examines ...
Stock Market This Week: TSLA Drives Rally, GOOGL Beats, INTC Misses
25 Apr 2025
Contributed by Lukas
Bulls win. The NDX rallied more than 6% this week while the SPX gained more than 4% off positive tariff headlines from the Trump administration. Tesla...
Nasdaq 100 Bounces Back: Earnings & Trade Stability Drive Gains
25 Apr 2025
Contributed by Lukas
The Nasdaq shows signs of life as earnings season gets underway. Sal Bruno attributes the gain to earnings beats and a more stable tone on China trade...
Overlooked Stock: SLB
25 Apr 2025
Contributed by Lukas
SLB (SLB), formerly known as Schlumberger, missed on its latest earnings report. What makes this an overlooked stock, according to George Tsilis, is i...
Gold Retreats, Bitcoin Breaks Downtrend & More: The Week in Commodities
25 Apr 2025
Contributed by Lukas
Phil Streible reviews the week in commodity markets. On the SPX, he sees resistance around $5,700, and is hoping we can hold the $5,500 level. He says...
Global Markets Close Higher, Tariff Progress Overhang Lingers
25 Apr 2025
Contributed by Lukas
Charles Schwab's Michelle Gibley notes that markets globally closed higher on the week, saying the "worst case scenario" for tariffs is ...
Bulls Win the Week, Ecodata & Earnings Ahead Open Window to Bears
25 Apr 2025
Contributed by Lukas
The SPX has a winning week on Wall Street. Consolidation on Friday is something Kevin Green doesn't see as unusual considering the strong rallies ...
GOOGL "Guide" for Mag 7 Earnings: Cloud & A.I. Center of Tariff Volatility
25 Apr 2025
Contributed by Lukas
Robert Schein believes Alphabet (GOOGL) will set the tone for Mag 7 earnings on deck this week. He expects to see weaker guidance across the Big Tech ...
Defensive Opportunities in Healthcare
25 Apr 2025
Contributed by Lukas
Que Nguyen thinks volatility is going to turn, but in the meantime, it might be a good time to buy. She thinks recession risk is out there, but that a...
Bitcoin's "Digital Gold" Narrative as Interest Widens
25 Apr 2025
Contributed by Lukas
Exodus CFO James Gernetzke believes Bitcoin is reclaiming its status as "digital gold." He expects the new regulatory environment, which inc...
Shapiro: "Volatility Spiral" Looking at "Economic Catastrophe" – Unless Trump is Bluffing
25 Apr 2025
Contributed by Lukas
"We’re in a volatility spiral,” Jacob Shapiro says. He expects a global shift ahead, looking at strong declines in trucking & port data. ...
Walsh: Expect Outsized Volatility This Year, Watch $4,800 Level in SPX
25 Apr 2025
Contributed by Lukas
Todd R. Walsh says he’s “never met someone” who could successfully buy the dips & sell the rips during high volatility and advises investors...
Mag 7 Earnings Next Week: MSFT & META Enterprise Plays, "Trepidatious" on AAPL
25 Apr 2025
Contributed by Lukas
Rob Swanke says P/E ratios across the tech sector have fallen to 24x from 30x. With more Mag 7 earnings coming up, he urges investors to turn to enter...
Ca$htag$: Domino’s Pizza (DPZ)
25 Apr 2025
Contributed by Lukas
Likefolio’s Megan Brantley covers consumer sentiment on Domino’s Pizza (DPZ). She notes their strong advertising and loyalty program and calls it ...
INTC Financials 'Quite Dire,' Tech Turnaround Needed
25 Apr 2025
Contributed by Lukas
Intel (INTC) reported high-single digit growth in its foundry and data center businesses, but George Tsilis thinks the company needs much more for a c...
EATZ, BEDZ Show Promise in Consumer & Travel Sectors
25 Apr 2025
Contributed by Lukas
With earnings season around the corner, Dan Ahrens says it's time for investors to rethink their tech-heavy portfolios and explore opportunities i...
Consumer Sentiment Falls for 4 Straight Months: Threat of ‘Stagflation’
25 Apr 2025
Contributed by Lukas
Ian Wyatt and Ted Rossman discuss the Consumer Sentiment survey, which fell for the fourth straight month. The data is predictive, Ted argues, because...
Blume: Weaker Dollar Better for Bitcoin, $150K BTC by End of 2025
25 Apr 2025
Contributed by Lukas
Alexander Blume still holds a positive outlook for Bitcoin as the cryptocurrency inches back toward $100,000. He believes it can tap $150,000 by the e...
The Big 3: BABA, NFLX, NVDA
25 Apr 2025
Contributed by Lukas
TheoTrade's Don Kaufman remains a strong bear when it comes to his Big 3. He believes there's damage in Alibaba's (BABA) technicals that g...
Arons: META & AMZN Have 10%-20% Upside, Market Will Rebound Soon
25 Apr 2025
Contributed by Lukas
Andrew Arons doesn’t believe we’re in for a recession, expecting the markets to recover “pretty quickly” with tech leading. In fact, he expect...
INTC "Very Much" Under Pressure: Foundry & 2Q Uncertainty Hits Stock
25 Apr 2025
Contributed by Lukas
J.D. Durkin points to guidance as the culprit for today's selling action in Intel (INTC). He says new CEO Lip-Bu Tan's commentary on upward mo...
Digital Ad Spend Key for AMZN & RDDT
25 Apr 2025
Contributed by Lukas
Tom White steps into the Daily Trader studio to discuss two of next week's earnings names to keep on the radar: Amazon (AMZN) and Reddit (RDDT). B...
Trump & IPOs: Will Mergers & Acquisitions Pick Up the Pace in 2025?
25 Apr 2025
Contributed by Lukas
Roy Behren notes mergers and acquisitions have fallen off a cliff after first quarter. However, Roy isn't saying that deal activity will continue ...
Zuckerberg Under the Microscope: META A.I., Antitrust & Earnings in Focus
25 Apr 2025
Contributed by Lukas
Meta Platforms (META) will reportedly cut 100 employees from its Reality Labs division ahead of the Mag 7 company's earnings next week. J.D. Durki...
AAPL Doubling India iPhone Production, TMUS Sells, GILD Healthcare Headwinds
25 Apr 2025
Contributed by Lukas
Apple (AAPL) is expected to double its iPhone output from India to 80 million. Diane King Hall says the company is bracing to maneuver its production ...
ABBV Earnings Beat, Exposure to Tariffs, ABBV & UNH Options Trades
25 Apr 2025
Contributed by Lukas
David Kaplan says AbbVie (ABBV) shows "unusually strong growth compared to peers." While he notes parts of its business is exposed to tariff...
Bulls Need to Hold SPX 20-SMA, S&P Futures Reflects Bull Case
25 Apr 2025
Contributed by Lukas
Only 24% of the SPX traded higher at the opening bell, but it's not surprising to Kevin Green after seeing strong rallies the last three days. As ...
Options Corner: DPZ Earnings Delivery On Deck
25 Apr 2025
Contributed by Lukas
Domino's Pizza (DPZ) kicks off next week's busy earnings slate, as the pizza chain reports ahead of Monday's open. Rick Ducat looks at the...
Luskin: Mag 7 is Disproportionately Dragging Down Market
25 Apr 2025
Contributed by Lukas
Don Luskin notes that if you strip out the Mag 7 from the S&P 500, “the S&P 493 remains unchanged!” He stresses, “Things aren’t as bad...
GOOGL, INTC Earnings: A Tale of Two Tech Stories
25 Apr 2025
Contributed by Lukas
Jenny Horne dives into Alphabet (GOOGL) earnings after the tech giant reported an earnings beat and strong growth in its Google Cloud segment. Then, s...
Martin: ‘Technicals Favoring a Bounce;’ Picks PWR, COST, NVDA
25 Apr 2025
Contributed by Lukas
Thomas Martin says “the technical are favoring a bounce here” in markets, but thinks we’ll probably retest the recent lows. Focusing on strong f...
Crypto Corner: Bitcoin's Breakout versus Gold's All-Time Highs
25 Apr 2025
Contributed by Lukas
Jenny Horne and Nate Peterson examine this week's move higher in Bitcoin and what it indicates about the overall market sentiment. Nate compares t...
GOOGL Cloud Business "Crown Jewel"
25 Apr 2025
Contributed by Lukas
Keith Townsend is "super excited" about the Google Cloud numbers he saw in Alphabet's (GOOGL) latest earnings, calling it the "post...
Mag 7 Earnings Loom, Seeking Market "Stabilization" Instead of "Normalization"
25 Apr 2025
Contributed by Lukas
Scott Bauer (@ProsperTradingAcademy) says even despite this week's rally, "we're not out of the woods yet" as markets will continue ...
Borsai: Bitcoin "Meant to Be What It's Becoming Today"
25 Apr 2025
Contributed by Lukas
Les Borsai joins Diane King Hall at the NYSE set to discuss cryptocurrency trading and the recent outperformance of Bitcoin. On BTC acting as a safe-h...
Chart of the Day: AAPL Ahead of Earnings
25 Apr 2025
Contributed by Lukas
Next week's earnings slate will be dominated by big tech companies, including Apple (AAPL). Kevin Horner joins Morning Movers to take a glance at the ...
Equities Soften After 3-Day Rally, "This is a Trader's Market"
25 Apr 2025
Contributed by Lukas
Kevin Green says the current market environment is made for the traders. He adds that it wouldn't be surprising to see a stall or slight pullback ...
Stock Market Morning Minute: GOOGL, INTC, AAPL
25 Apr 2025
Contributed by Lukas
Alphabet (GOOGL) rallies after earnings. Intel (INTC) faces challenges under its new CEO. And, Apple (AAPL) reportedly sees increased output from its ...
Dollar Rebound: Short-Lived Amid Long-Term Decline Worries
24 Apr 2025
Contributed by Lukas
The U.S. dollar's recent rebound off 3-year lows may be short-lived, according to Thierry Wizman. Despite technical buying and profit-taking in th...
EARNINGS ALERT: GOOGL, INTC
24 Apr 2025
Contributed by Lukas
Kevin Green and Jeff Pierce provide live reaction to Alphabet (GOOGL) earnings as shares initially pop higher on a top and bottom line beat. Jeff puts...
Markets Calming Down "for the Time Being"
24 Apr 2025
Contributed by Lukas
Charles Schwab's Collin Martin says it will take a handful of weeks or months before investors get all the clarity they want, but there's sign...
Overlooked Stock: OKLO
24 Apr 2025
Contributed by Lukas
George Tsilis turns to another name tied to the A.I. trade. Oklo Inc. (OKLO) is up more than 14% this year while most other stocks in proximity to the...
Davitt: This Earnings Season Has Power to Shift Overall Market Sentiment
24 Apr 2025
Contributed by Lukas
“This earnings season is one of the most interesting in a long time,” says Kevin Davitt, especially with the weight that investors put on guidance...
SPX Sees Three Days of Gains, VIX Crush to Signal Next Bull Run
24 Apr 2025
Contributed by Lukas
Market breadth expanding and increasing volume, backed by mega cap strength, pushed the SPX into positive territory for its third-straight session. Ke...
IMF Downgrades U.S. & China GDP
24 Apr 2025
Contributed by Lukas
Jeffrey Kleintop weighs in on the IMF's reduced GDP forecasts for the U.S. and China, and what it means for investors. Despite the downgrade, Klei...
Dow's 3-Day Win: Buying Opportunity in Hard Assets & Bitcoin
24 Apr 2025
Contributed by Lukas
What's behind the Dow's 3-day winning streak? David Stryzewski says it's a "miracle" given the current headwinds and expects som...
Matson on Urgent Portfolio Rebalancing: ‘Easy to Say, Hard to Do’
24 Apr 2025
Contributed by Lukas
Mark Matson brings up the old saw, “Those who don’t learn from history are doomed to repeat it.” He looks at market busts of the past and talks ...
AT&T’s (T) ‘Terrific’ 1Q, Shareholder Return Plans
24 Apr 2025
Contributed by Lukas
Brett Feldman, head of Investor Relations at A&T (T), walks through their “terrific” 1Q earnings report. They grew 5G and fiber customers, emp...
GOOGL & INTC Ability to Weather Tariffs, What to Watch in Earnings
24 Apr 2025
Contributed by Lukas
An economic slowdown will hit Alphabet (GOOGL) and Intel (INTC), the question lies in how directly it will impact them. Christine Short urges investor...
GOOGL to Paint 2025 Tech Picture, Balancing Software with Defense Stocks
24 Apr 2025
Contributed by Lukas
James Cakmak remains cautious in the current trading environment despite recent rallies. These are "not markets for the faint of heart," whi...
PLTR Teams Up with GOOGL Cloud & Path to Test All-Time High
24 Apr 2025
Contributed by Lukas
Palantir (PLTR) secures yet another partner in Alphabet (GOOGL). The rising A.I. software company will use Google's cloud services to deliver its ...
Bitcoin as a Safe Haven: Crypto's Rise in Investing
24 Apr 2025
Contributed by Lukas
Austin King discusses recent price action in Bitcoin and the broader crypto market. He believes Bitcoin is being viewed as a potential safe-haven asse...
Ca$htag$: Target (TGT)
24 Apr 2025
Contributed by Lukas
Target shares have fallen 43% over the last 12 months, but Landon Swan, co-founder of LikeFolio, sees glimmers of hope. Web visits are up nearly 20% y...
CMG "Full Burrito of Problems:" Tariffs, Cost Crunch & New Stores
24 Apr 2025
Contributed by Lukas
Investopedia's Caleb Silver says Chipotle (CMG) faces a "full burrito of problems." He believes the company is starting to see the effec...
PEGA Soars 20% This Week on Strong Earnings and Gen A.I. Traction
24 Apr 2025
Contributed by Lukas
Pegasystems (PEGA) shares have rallied over 20% this week after a strong earnings report, with revenue growth of 44% and a beat on top line estimates....
The Big 3: KR, ADM, CVX
24 Apr 2025
Contributed by Lukas
Jason Brown returns to Big 3 and offers three options trading opportunities he sees in companies investors may have missed. He explains why he's w...
Insights into Market Volatility
24 Apr 2025
Contributed by Lukas
Nick Tell, CEO of Armory Group, attributes recent market volatility to "personality uncertainty" rather than policy uncertainty, pointing to...
Mag 7 Options Trades: GOOGL & META
24 Apr 2025
Contributed by Lukas
Tom White hops into the Daily Trader host chair to take a look at two mega cap tech stocks ahead of earnings. Ahead of both Alphabet (GOOGL) and Meta ...
INTC Foundry & CEO Focus of Earnings, INTC Options Trade
24 Apr 2025
Contributed by Lukas
Jeff Pierce believes investors will have their focus on commentary from new Intel (INTC) CEO Lip-Bu Tan during its earnings conference this evening. O...
Zhang: GOOGL A.I. Value Trade, Tech Possibilities Outweigh Headwinds
24 Apr 2025
Contributed by Lukas
OptionsPlay's Tony Zhang considers Alphabet (GOOGL) "more of a macro trade" reflecting the state of markets. He doesn't see much dow...
Earnings Movers: TXN Rallies, CMG Mixed Bag, CMSCA Slides on Beat
24 Apr 2025
Contributed by Lukas
Texas Instruments (TXN) saw a notable rally following its earnings beat. Chipotle (CMG) ticked slightly higher despite showing some weaknesses in its ...
TSLA "Transitory Period," Consumer Staples' Earnings Stability
24 Apr 2025
Contributed by Lukas
CFRA's Garrett Nelson offers perspective on two different corners of the market. On consumer staples, he believes the sector as a whole has long-t...
Price Increases & Slowing Labor Market Amid Trade War
24 Apr 2025
Contributed by Lukas
Shelly Antoniewicz expects the costs of goods & services to be passed onto consumers and says those price increases are starting to show up alread...
30Y-10Y Yield Spread Adds Pressure to SPX, Weighing Crude's Strength
24 Apr 2025
Contributed by Lukas
According to Kevin Green, technicals point to more downside action, but any news flow can change that instantly. He continues to eye the 5,400 level o...
Hamrick: ‘People at Risk of Overreacting’ as Market Hungers for News
24 Apr 2025
Contributed by Lukas
Mark Hamrick of Bankrate describes the “hunger for real information” in the market, creating strong reactions on any tidbit of news. “People are...
IBM Down Despite Earnings Beat, AAL & LUV "Stark Contrast" to UAL
24 Apr 2025
Contributed by Lukas
Jenny Horne turns to the earnings front ahead of the opening bell. On IBM Corp. (IBM), the legacy tech company posted an earnings beat and reiterated ...
Options Corner: GOOGL Searching For Earnings Beat
24 Apr 2025
Contributed by Lukas
Alphabet (GOOGL) is the next Mag 7 company to report earnings. Rick Ducat looks at the stock's recent downtrend as the company battles antitrust h...
U.K. Perspective on U.S. and China Trade War
24 Apr 2025
Contributed by Lukas
Richard Flynn of Charles Schwab U.K. joins Diane King Hall to discuss the global ramifications and ripple effects from the ongoing U.S. and China trad...
"Uncertainty" Plagues Domestic Airlines, 2Q "Critical" for Demand
24 Apr 2025
Contributed by Lukas
Sean Cudahy says the 2Q will be "critical" for the airlines. After multiple airlines have pulled guidance amid uncertainty for demand, Sean ...
Chart of the Day: TMUS
24 Apr 2025
Contributed by Lukas
T-Mobile (TMUS) earnings are looking to provide a clear signal to investors. Kevin Horner examines the technical layout for TMUS ahead of its report. ...
China Wants Unilateral Tariffs Canceled, Elevated VIX in Focus
24 Apr 2025
Contributed by Lukas
Following commentary out of China that suggests there are no ongoing trade discussions with U.S. officials, equity futures are pointing to an end of t...
Stock Market Morning Minute: TXN, IBM, LUV
24 Apr 2025
Contributed by Lukas
Diane King Hall dives into several earnings movers ahead of Thursday's open. For Texas Instruments (TXN), the chipmaker boasted a top-and-bottom l...
Stock Market Today: GOOGL Rallies, INTC Down After Hours, NOW Soars
24 Apr 2025
Contributed by Lukas
Markets rallied for a third consecutive day thanks to expanding market breadth backed by mega cap strength. Alphabet (GOOGL) muscled an earnings beat ...
Stock Market Today: Musk Takes Backseat at DOGE, BA Soars, IBM Beats
23 Apr 2025
Contributed by Lukas
Today's rally on Wall Street was driven primarily by commentary from the Trump administration on tariff progress and assurances on Jerome Powell k...
Gold's Pullback: A Buying Opportunity Amid Central Bank Demand
23 Apr 2025
Contributed by Lukas
David McAlvany thinks gold's recent pullback could be a buying opportunity. McAlvany attributes gold's rally to central banks, not retail inve...
EARNINGS ALERT: IBM
23 Apr 2025
Contributed by Lukas
IBM Corp. (IBM) has been a recent outperformer amid the market's steep selling action. This evening, the company posted an earnings beat and reaff...
PMI, Bessent & the Fed: Big Picture Perspective on Trading Session
23 Apr 2025
Contributed by Lukas
Today's Charles Schwab Big Picture panel focuses on the market moves sparked by today's economic data and news flow. On PMI, Michelle Gibley n...
The Rundown on Oil and Bitcoin with Dan Deming
23 Apr 2025
Contributed by Lukas
Dan Deming looks at crude oil as it continues to hover around the $60 level, saying demand won’t be as strong as last summer and production is plent...
Selling Pressure Creates Bearish SPX Trends, "Exhausted" Gold Trade
23 Apr 2025
Contributed by Lukas
While the SPX rallied today, the index fell significantly off the session highs. Kevin Green points out the bearish trends it created and the vortex o...
TNL CEO on Resilience & Evolution of Timeshare Business
23 Apr 2025
Contributed by Lukas
Mike Brown, President & CEO of Travel + Leisure (TNL), breaks down the company’s latest earnings report and consumer demand. “We saw demand at...
Health-Conscious Consumers Pin Pressure on PEP Top Line
23 Apr 2025
Contributed by Lukas
PepsiCo (PEP) "has to win their customers back," says Andy Swan. Likefolio's data shows overall interest in the snacks and beverage cong...
Hatfield: Fed are ‘Terrible Forecasters,’ Expect Summer Rally
23 Apr 2025
Contributed by Lukas
Jay Hatfield is constructive on markets now that he argues Scott Bessent has taken the wheel on trade. He says it’s “fine to do nothing” if you’...
Avoiding ‘Double Loss’ of Taking Investments During Downturns
23 Apr 2025
Contributed by Lukas
Joe Schmitz compares investment approaches with an eye towards those retiring or approaching retirement. “It’s all about time horizon,” he empha...
"Boring is Beautiful:" Finding Investment Opportunities Amid Tariff Volatility
23 Apr 2025
Contributed by Lukas
Mike Rode isn't surprised to see market weakness in 2025's first quarter, even without considering the tariff volatility. He points to high va...
Options Corner: AAPL, TSLA, MMM
23 Apr 2025
Contributed by Lukas
Tom White turns to unusual options activity he found in tech companies that recently reported or will report earnings within the next week. He turns t...
Big Homebuilders Must Absorb Costs to Keep Affordability
23 Apr 2025
Contributed by Lukas
Erin Sykes and Jordan McKenzie break down the big beat on March New Home Sales and discuss the state of the housing market. Jordan says it shows deman...
Hackmann: ‘Wall Street is Not Your Friend’
23 Apr 2025
Contributed by Lukas
Russell Hackmann discusses the importance of tax planning and his book, “Wall Street is Not Your Friend.” One of his contentions is that Wall Stre...
Previewing Retail Earnings: COST, WMT, TJX
23 Apr 2025
Contributed by Lukas
Jharonne Martis previews retail earnings, noting that we’ve had “less than 10” positive pre-announcements from companies this quarter. She says ...
GOOGL Cloud Revenue & Antitrust Concerns Grip Stock Ahead of Earnings
23 Apr 2025
Contributed by Lukas
Alphabet (GOOGL) reports earnings after the bell Thursday. The Mag 7 giant sold off after its report last quarter when its cloud revenue didn't me...
Revenue-Focused & Reshoring ETFs to Watch
23 Apr 2025
Contributed by Lukas
Cinthia Murphy brings ETF investing strategies for traders to consider. She notes that while the market is concerned about tariffs, demand for U.S. eq...
The Big 3: NKE, JPM, EEM
23 Apr 2025
Contributed by Lukas
Don Kaufman with TheoTrade goes bullish on Nike (NKE) as current technicals present a buying opportunity for him. However, he shows his bearishness in...
Brenner: Treasury Sec. & Fed ‘Have to Address’ Market Liquidity Issues
23 Apr 2025
Contributed by Lukas
Andrew Brenner says China deals are coming, “no question about it.” He doesn’t think the “Buy America” trade is “out the window” yet. He...
T Earnings Beat, Dividend Play & Comparisons to VZ, TMUS
23 Apr 2025
Contributed by Lukas
AT&T (T) saw slight traction higher after posting its earnings beat. However, David Trainer believes most of the good news is already priced into ...
Bullish Example Options Trades for NVDA and META
23 Apr 2025
Contributed by Lukas
As Mag 7 earnings take center stage this week and next, Kevin Hincks looks at 2 names among the mega cap tech space. For both Nvidia (NVDA) and Meta P...
Fixed-Income Strategies to Watch as Investors Look for Safety
23 Apr 2025
Contributed by Lukas
Karen Veraa Perry of Blackrock looks at fixed-income strategies. She highlights funds that are seeing strong inflows, noting that investors are “red...
Tariffs, Worldwide Stores & Avocados: What to Watch in CMG Earnings
23 Apr 2025
Contributed by Lukas
Jeff Pierce believes Chipotle's (CMG) after hour earnings is "not expected to wow investors." That said, he points to metrics investors ...
What's Old is New: IBM "Dark Horse" in A.I.
23 Apr 2025
Contributed by Lukas
Steven Dickens says IBM Corp. (IBM) is using A.I. from a cost-cutting and security perspective, which makes it an emerging leader in the industry. He ...
SPX Rally Restores Some Confidence, Silver's Potential Outperformance
23 Apr 2025
Contributed by Lukas
"Treat this as a counter-trend bounce," says Kevin Green. He notes growing confidence on Wall Street but warns there's still a long road...
GEV Earnings Power Rally, INTC Cutting 20% of Staff, T Beats
23 Apr 2025
Contributed by Lukas
GE Vernova (GEV) opened with a rally after the energy company beat earnings and held its guidance. AT&T (T) beat on revenue and subscriber estimat...
Andersen: Positioned for ‘Tremendous’ Market Bounce Back
23 Apr 2025
Contributed by Lukas
Peter Andersen says “the main driver of all this confusion” is markets is the tariffs. Trump needs a “major win” on trade, and the market stil...