Founded Hodges Capital with his father in 1989 in Dallas, Texas. The firm now manages $3 billion.
The turbulence in the market could be mitigated by investing in small-cap stocks, according to money manager Craig Hodges.
It's taking bigger deals to get consumers to buy new vehicles.
Homebuilder stocks fell on Tuesday after the United States slapped new tariffs on Canadian softwood lumber imports.
It appears President Trump would be open to "a little higher near-term deficit out of which we can grow," the Commerce secretary says.