Vineyard Global's Samuelson says technicals show a market 'on thin ice'

Tom Samuelson, chief investment officer at Vineyard Global Advisors, says the market's long-running bull market is "on thin ice right now," from a technical standpoint, having fallen below its 200-day moving average, leaving the market "at a really interesting juncture," and making him defensive, building more cash, loading up on utilities and safe sectors and waiting to see how it plays out. Samuelson says that if the market breaks down -- with a decline accelerated by reactions to government tariff policies -- it could drop another 15 percent or more, putting the market squarely into correction territory off of its February highs. Todd Rosenbluth, head of research at VettaFi, is more interested in the recent rally in international stocks than he is in the possible impact of tariffs on the markets there, and picks a T. Rowe Price international fund as the ETF of the Week. Susan Fahy discusses the latest Credit Gauge from VantageScore, which shows that the resumption of student loan payments has negatively impacted credit scores and will drop them further, as other indicators suggest consumer finances are slowly declining. Plus Mike Bailey, director of research at FBB Capital Partners, brings his "beat and replace" approach for stocks to the Market Call, and Chuck gives his initial take on what Wednesday's tariff news means for consumers.