One of the first ‘liberation day’ losers reports earnings this week - MarketWatch

1. RH shares fell 53% this year amid tariffs and economic uncertainty. 2. Analyst Michael Lasser cites volatility and demand concerns for high-end furnishings. 3. RH's liquidity is weak with only $30 million cash on hand. 4. Excess inventory of $200 million to $300 million offers short-term cushion against tariffs. 5. Market volatility makes RH's valuation hard to assess amid multiple strategic changes.