Video: With Tech and Political Worries, Earnings Just Don't Matter Right Now

Corporate earnings typically drive the stock market, but investors have bigger fish to fry right now, according to one expert.

John Velis, senior multi-asset strategist at State Street agrees that corporate earnings don't matter right now as the market processes worries about regulation in the technology sector amid Facebook's (FB) - Get Report data woes and continued political risk.

Now watch former Federal Reserve Vice Chairman Alan Blinder discuss the dangers of President Trump's trade tariffs: