The equity markets finally showed some signs of life on Friday, with the Dow Jones Industrial Average up 1.5 percent and the Nasdaq up 2 percent. But confidence in the financial markets has been seriously shaken, not stirred, by Donald Trump’s tariffpalooza. As far as I can tell, there has been no coherent logic to the president’s moves, despite the efforts of the sycophantic quartet of Peter Navarro, Howard Lutnick, Scott Bessent, and Stephen Miller to explain what Trump is doing via increasingly pathetic and contradictory public statements. The sole purpose, it would seem, is to use the wholesale imposition of tariffs as a power flex.