Vital Knowledge's Adam Crisafulli: The market widely expects tariffs will be struck down

Watch on YouTube ↗  |  January 16, 2026 at 22:31  |  4:15  |  CNBC
Speakers
Adam Crisafulli — Founder, Vital Knowledge

Summary

Adam Crisafulli, founder of Vital Knowledge, previews key market catalysts for next week on 'Closing Bell Overtime.' He highlights the Supreme Court tariff ruling, a Fed independence hearing, and a potential housing stimulus proposal at Davos. On earnings, he points to Intel's foundry optimism, SLB's Venezuela and data-center exposure, and Netflix's earnings plus Warner bid process. He also discusses hawkish Fed expectations and the timing of the next rate cut.

  • Supreme Court tariff ruling expected by market; replacement policy is key.
  • Fed independence hearing and housing stimulus proposal are other macro wild cards.
  • Intel earnings watched for foundry customer progress.
  • SLB earnings could signal Venezuela spending and data-center exposure.
  • Netflix earnings and Warner bid update are company-specific catalysts.
  • Fed cut expectations shifted to June/July; PCE data in focus.
Ideas
Adam Crisafulli Founder, Vital Knowledge 1:02
Tariff burden may fall, supporting equities.
The Supreme Court tariff ruling is an important market catalyst. The market widely expects tariffs to be struck down, and the White House has indicated an immediate 10% replacement tariff rather than restoring all tariffs. That suggests the near-term tariff burden will fall. Additionally, with the White House pivoting to an affordability agenda before the midterms, it may not rush to restore the full tariff burden until at least November, which is a supportive setup for US equities.
SPY MED
Adam Crisafulli Founder, Vital Knowledge 1:49
Intel foundry customer news is key catalyst.
Intel has rallied sharply recently, primarily on optimism around its foundry business. After years of pushing into foundry with limited success, there is now anticipation that major customers could be announced and that foundry could become a more meaningful part of revenue and earnings. The upcoming earnings and announcements are a major catalyst to watch.
INTC HIGH
Adam Crisafulli Founder, Vital Knowledge 3:34
SLB has Venezuela and data-center catalysts.
SLB's upcoming earnings could give a good indication of how serious or rapid spending will be on the ground in Venezuela to increase production. SLB has also been highlighting data center exposure and tech-focused businesses, which have been a big help for the stock in addition to Venezuela. It is a stock-specific catalyst worth watching.
SLB MED
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This CNBC video, published January 16, 2026, features Adam Crisafulli discussing SPY, INTC, SLB. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Adam Crisafulli  · Tickers: SPY, INTC, SLB