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Should investors hold cash in a trade war? Barry Ritholtz weighs in.

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Equity markets (^GSPC, ^IXIC, ^DJI) are in a tug of war Wednesday morning — all three indexes opening the trading session lower by the time of this clip's posting — as investor anxiety spikes over the Trump administration's tariff policies and resulting trade wars.

Ritholtz Wealth Management chairman and CIO Barry Ritholtz explains why staying calm and avoiding emotional decisions is key to navigating the volatility.

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