March 05, 2025

How Trump's foreign policies impact your portfolio

24 minutes

In the latest Trader Talk episode, where host Kenny Polcari and Dr. Scholl Foundation President and CEO Dan Mahaffee explore the geopolitical myths and realities shaping today’s markets. Broadcasting from the New York Stock Exchange, Polcari leverages decades of institutional experience to cut through the noise and help investors focus on what truly matters.

Polcari opens by debunking the popular belief in imminent rate cuts—a comforting bedtime story for many investors. He points out that the economy isn’t collapsing: the labor market remains robust, wages are strong, and corporate earnings are mostly solid. Rate cuts, he explains, are not a gift but a tool for deep economic distress. Instead of banking on a Fed pivot, investors should base decisions on the actual data.

Mahaffee brings a global perspective, delving into how geopolitical tensions—such as the European challenges and the ongoing conflict in Ukraine—intertwine with trade negotiations. He discusses critical mineral deals necessary for modern industries like semiconductors and drones, highlighting the delicate balance between national security and economic interests. Mahaffee also warns against relying on quick fixes, emphasizing that tariffs and reciprocal measures are tools for negotiation, not guaranteed solutions.

Rounding out the episode, Polcari shares three essential market tips: tune into central bank briefings, analyze earnings beyond headline figures, and stay alert to geopolitical developments. And, as always, the show concludes with a nod to tradition—the Luncheon Club Lobster Roll, a market recipe steeped in NYSE history.

Luncheon Club Lobster Roll Recipe

Ingredients

1 lb. fresh lobster meat, steamed

(Ask the grocery seafood counter to steam it if you like)

Brioche roll, toasted and buttered

Fresh lemon wedges

⅓ cup premium mayonnaise

2 tablespoons fresh lemon juice

2 tablespoons finely diced celery

1 tablespoon fresh chives, minced

1 teaspoon Dijon mustard

Sea salt and white pepper (to taste)

Fresh dill sprigs

Butter lettuce leaves

Potato chips (Cape Cod chips recommended)

Steps

Prepare the Sauce: In a small bowl, whisk together the mayonnaise, lemon juice, celery, chives, Dijon mustard, salt, and white pepper.

Mix with Lobster: Gently combine the steamed lobster meat with the prepared sauce.

Toast & Butter Rolls: Butter the brioche roll(s), then toast or griddle until golden.

Assemble: Line the toasted roll with butter lettuce leaves.Spoon the dressed lobster onto the roll.

Finish & Serve: Top with fresh dill. Add lemon wedges on the side. Serve with Cape Cod-style potato chips for extra crunch.

Trader Talk with Kenny Polcari on Yahoo Finance delivers expert analysis and actionable insights. Drawing on decades of trading floor experience, we empower you to navigate market volatility and keep your portfolio from getting burned.

Watch more episodes of Trader Talk at https://finance.yahoo.com/videos/series/trader-talk/

Thoughts? Questions? Fan mail? Email us at [email protected].

Yahoo Finance’s Trader Talk is hosted by Kenny Polcari and produced by Langston Sessoms.

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