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 still has “underlying optimism” that it will happen. “Time is his enemy,” he adds. Peter is positioned for a “tremendous” bounce back in markets but thinks multiple data points are needed to push the market back up. However, he is turning skeptical on big tech and A.I., seeing overvaluation.