The author reflects on the importance of focusing on earnings, interest rates, and market factors over political developments in investment decisions. However, current uncertainties, particularly regarding trade policies and tax legislation, are prompting a reevaluation of this stance. The ongoing tariff threats and the need for a clear tax framework hinder long-term corporate decisions. Additionally, discussions about government efficiency raise concerns about potential economic impacts. Despite these challenges, the author believes earnings and interest rates will ultimately drive stock prices. A more stable political climate may lead to a rebound in the market, echoing Warren Buffett’s advice to be opportunistic in volatile times.