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Hi. Hello and welcome to the morning filter.

I'm Susan Jubinsky with Morningstar.

Every Monday morning, I talk with Morning Star Research Services,

chief U.S. market strategist Dave Sakara about what investors should have on their

radars, some new Morning Star Research, and a few

stock picks or pans for the week ahead. So good morning, Dave. We have another big week of earnings

ahead. But before we get to that, let's talk about the Trump administration's tariffs that went into

effect over the weekend on Mexico, Canada, and China. Now, you noted in your 2025 stock market outlook that

tariffs were a wildcard for the economy and the stock market this year. So now the tariffs

have arrived. What's your initial take? Hey, good morning, Susan. Well, all I have to say is

strap in because this could be a really highly volatile week coming up.

As you mentioned, we have all the earnings coming up.

But now we've also got to deal with what everyone's going to think about the tariffs.

Now, interestingly, stocks perform better, you know, last Friday afternoon after they were announced.

And I necessarily would have thought, you know, the market was only down about a half a percent. But taking a look at

...