Stocks Fall as Trump Looks to Impose Steel Tariffs

The video discusses the relative performance of market sectors, highlighting autos and components as the worst performers. It examines the economic impact of US steel and aluminum imports, noting their small share of total imports but significant market cap loss. The discussion extends to market reactions to policy changes, potential retaliation, and the importance of free trade. The video also covers NAFTA's implications and current market volatility, comparing recent trends to those of 2017.

How does the speaker describe the market's reaction to policy mistakes?

What does the speaker suggest about the current state of the financial markets?