4E: Trump Tariffs Set to Take Effect Soon, Market on High Alert, Risk-off Sentiment Rising

On April 1st, according to 4E's monitoring, it is imminent that Trump will impose tariff retaliation. Due to early safe-haven sentiment, the US stock market opened lower. However, the Chicago PMI data exceeded expectations, which boosted risk sentiment. Combined with end-of-quarter rebalancing trades, the US stock market narrowed its intraday losses, and the major indices ended with mixed results. The S&P 500 closed up by 0.55%, down by 5.75% in March and down by 4.59% for the quarter. The Dow rose by 1.00%, closed the month down by 4.20% and fell by 1.28% for the quarter. The Nasdaq edged down by 0.14%, plummeted by 8.21% in March and tumbled by 10.42% for the quarter. Technology stocks were generally weak. The "Tech Seven Sisters" index fell by 14.83% in the first quarter, led by Tesla's 35.83% decline and closely followed by Nvidia's 19.29% decline. The cryptocurrency market experienced narrow fluctuations. Bitcoin rebounded and touched $84,000 due to the boost in the US stock market. After the US stock market closed, it retraced slightly and was trading at $82,781 at the time of writing, up by 1.18% in 24 hours. After recording an 18% decline in February, March ended with a 3.5% drop. Ethereum returned to above $1,800. After a heavy 32% slump in February, it fell another 18% in March, disappointing investors with its price performance and leaving the market sentiment very negative. In the forex and commodities sector, the US Dollar Index fluctuated higher by 0.18%, accumulated a 3.15% decline in March and a 3.94% decline for the quarter. As geopolitical tensions escalated, US oil surged by more than 3.05%, with a cumulative increase of more than 3.08% in March and 1.39% for the quarter. As funds rushed into safe havens, spot gold rose by 1.25% to $3,145, hitting a new high again. Gold rose by 9.33% in March and 18.48% for the quarter. Global major assets are affected by Trump's tariffs. His wavering attitude is exacerbating market uncertainty about future expectations. As Tariff Liberation Day approaches, the market is on edge, potentially further amplifying market volatility. As a financial trading platform supporting assets such as cryptocurrencies, stock indices, commodities like gold, and forex, eeee.com recently launched a USDT stablecoin financial product with an 8% annualized return to provide investors with a potential hedging option. 4E reminds you to be cautious of market volatility risks and to properly allocate your assets.