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Analyst: The market is trapped by the American "separation of powers" pinball machine.
On May 30, Mark Spindel, chief investment officer of Potomac River Capital Llc, commented on the temporary reinstatement of Trump’s tariffs: I think the market will continue to be trapped by the pachinko machine of court rulings, executive orders and judicial reviews. This happens when the U.S. government doesn’t follow a trickier legislative process when it makes policy. As a result of using executive orders, you are at the mercy of the courts, which adjudicate, restrict, or endorse them. The market is caught in the middle of all this, and the result is chaos and uncertainty.