See a big stock rally ahead? Be patient, money manager says
See which market issues Jay Woods thinks are most important now.

The Standard & Poor's 500 index has jumped some 20% from its April low, but the trauma of the 10%-plus sell-off is still with us.
Want some proof? Look at what happened Friday when President Trump threatened to boost tariffs to 50% on imports from the European Union and add 25% tariffs on iPhones imported from India.