Mike Townsend on Trump's Midterm Pressures from Iran & Energy Disruption Timeline

Charles Schwab strategist Mike Townsend says Wednesday's relief rally shows 'rational exuberance' but remains riddled with uncertainty. He argues President Trump has 'bought himself a couple of weeks,' while rising gasoline prices represent a tangible headwind for the GOP into the midterm elections and could weigh on consumer sentiment and risk appetite.

Analysis

Charles Schwab strategist Mike Townsend says Wednesday's relief rally shows 'rational exuberance' but remains riddled with uncertainty. He argues President Trump has 'bought himself a couple of weeks,' while rising gasoline prices represent a tangible headwind for the GOP into the midterm elections and could weigh on consumer sentiment and risk appetite.