There's a lot of impact of tariffs still to come, says Wolfe Research's Tobin Marcus

Meanwhile, that August 1st deal deadline still about a week away. Sectoral tariffs could be coming down at any time. Let's dive in with Tobin Marcus.He's head of policy and politics at Wolf Research. And Tobin, I do wonder if this market reaction is telling us something even as people are tallying up the damage, the effect on corporate America, which is bearing the brunt of this so far. It's almost like the market is willing to look past that.Why. Yeah, certainly we're not seeing a lot of market reaction to ...