Viewpoint: "Tariff Day" Impact Looms Large, Risk Assets May Experience Temporary Rebound

March 31st: Matt Weller, the director of market research at StoneX Global, emphasized in a recent report that "market abhors uncertainty" is an ancient adage on Wall Street. The ambiguity of the tariff statement has undoubtedly dealt a severe blow to risk appetite. Weller stated, "Once the other shoe drops, risk assets and the US dollar may experience a brief rebound." However, he warned that if Trump continues to raise tariffs after April 2nd, "any rebound in risk assets will be short-lived unless traders are convinced that these disruptive economic policies have come to an end completely." Meanwhile, Jed Ellerbroek, the portfolio manager at Argent Capital, observed that this tariff policy uncertainty is driving funds into low-volatility and value stocks. The recent weak performance of tech giants in the past few weeks has confirmed the market's defensive mindset. To reverse this risk-averse sentiment, he believes that "increased tariff policy visibility is a necessary prerequisite." (FXStreet)