【Analyst: The US Stock Market Has Not Yet Reflected the Damage Caused by Tariffs】According to Golden Finance, Trade Nation analyst David Morrison stated in a report that the US stock market has recently rebounded but still fails to reflect the "serious damage that tariffs have caused to global trade." The US stock market has rebounded from the decline following the announcement of global tariffs in early April, buoyed by expectations of interest rate cuts and stronger-than-expected earnings reports from Meta and Microsoft. Traders are currently focused on the expectation that President Trump will "reach some sort of reconciliation on the tariff issue," while the Federal Reserve will "cut interest rates when signs of economic distress emerge."