According to a report by Jinshi Data, Trade Nation analyst David Morrison stated that the U.S. stock market has recently rebounded, but it has not reflected the severe damage that tariffs have caused to global trade. The stock market rebound is buoyed by expectations of interest rate cuts and strong earnings reports from Meta and Microsoft.
Traders are focused on President Trump's reconciliation expectations regarding tariffs, as well as the potential for the Federal Reserve to cut interest rates when signs of economic distress appear.