Labor Market's "Frozen State" Amid "Still Evolving" Trade Policy

Charles Schwab's Kevin Gordon says Friday's "overreaction" to the jobs report hardly turned out to be one, as markets firmed up and expended breadth. However, he points to signals that the labor market is entering a "frozen state." Kevin adds that the resurgence of meme stocks and high-risk investments aren't as strong as they were in 2020-2021, suggesting more stability. Michelle Gibley turns to the tariff front, which she argues is still evolving. With Mexico's tariff pause and Switzerland leaving the U.S. without a deal, Michelle expects volatility to ramp up again.

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