US stocks swing wildly as traders ponder tariff risks, CPI data

Carl Quintanillaa Bluesky post, CNBC journalist

Meaning that you can contain the blaze, is that what you’re saying?”

Quintanilla gave him an opening to temper the charge

I don’t think we’ll have a recession ― like I said, it’s manufactured. It’s manufactured,

he told Quintanilla

I’m saying manufacturing is that you can make it happen,

he continued

Investors are more concerned with the uncertain forward outlook for inflation and growth as tariffs take effect,

wrote Kevin Brocks, director of 22V Research

There is simply a lack of confidence,

said Keith Lerner, co-chief investment officer at Truist Advisory Services

Only I can fix it,

another infamous Trump brag, turns out to be a case of false advertising

We’re bringing wealth back to America. That’s a big thing,

Trump added

Persistent economic uncertainty has consumers taking a cautious approach to spending, particularly in discretionary categories,

Target CEO Brian Cornell said on an earnings call last week

We’ve never seen this kind of breadth of tariffs. This, of course, impacts the whole (retail) industry,

Best Buy CEO Corie Barry said on a call with analysts last week

The outlook has been impacted by the recent reduction in consumer and corporate confidence caused by increased macro uncertainty, driving softness in Domestic demand,

Delta said in a filing with the Securities and Exchange Commission

Larry FinkblackRock CEO

I think if we all are becoming a little more nationalistic and - I'm not saying that's a bad thing, you know, it does resonate with me ... (but) it's going to have elevated inflation,

BlackRock CEO Larry Fink said on Monday

Uncertainty is high and rising on Main Street, and for many reasons,

said Bill Dunkelberg, Chief Economist at the National Federation of Independent Business (NFIB), whose February sentiment survey posted its third straight decline last month

I'm not even looking at the stock market."

Perhaps the most telling Trump comment in the unfolding battle was

All of those millions of people with 401(k)s and pensions are doing far better than they have ever done before with increases of 60, 70, 80, 90 and 100% and even more."

Back in his State of the Union address to Congress in February 2020, Trump said of the stock market

The stock market will go up, and it will go down,

Kamel said

These are always good strategies, but they are more important in times of weakness,

said Schenker, who is the President of Prestige Economics

Recession or not, the best way to protect yourself financially is to live on less than you make, get out of debt (and stay out), and save three to six months of expenses for emergencies,

Kamel told Newsweek

The insurance industry was built for times like these,

the author of Don't Worry, Retire Happy!

Stress leads to impulse buys,

she said, urging people to mind their "mental wealth too."

Recessions love to shake things up,

she told Newsweek