JPMorgan Asset Management's top strategist Bob Michele is sounding the alarm on the recent market turbulence. His take? It's basically a wake-up call to the Trump administration—a signal to step up and restore confidence the way officials managed to do after last year's tariff shock spooked investors. When trade tensions escalate, it hits markets hard. We saw it play out before, and the pattern repeats: policy uncertainty triggers selloffs, volatility spikes, and recovery depends on whether leadership can communicate a coherent path forward. Michele's framing here is straightforward—markets are pricing in concern, and it'll take decisive action to turn that around.