Why is the market rising so sharply?
This increase is driven by multiple favorable events.
First, there was significant news regarding tariff policies. The United States and the United Kingdom were the first to reach a tariff trade agreement, marking Trump's first implemented trade deal.
The UK agreed to ease import restrictions on American food and agricultural products in exchange for the US reducing tariffs on UK car exports. This sets a positive tone for trade negotiations between other countries and the US.
Currently, the remaining tough negotiations should be with China and Europe. There were reports early in the morning suggesting that China might soften its trade policies, boosting market confidence.
Trump also lifted the export restrictions on AI chips that were imposed during Biden's term, which the market interpreted as a positive stance towards trade negotiations with China, leading to a surge in tech stocks and the cryptocurrency market.
With these messages combined, there is increased optimism regarding Trump's tariffs, driving the rise of US stocks and cryptocurrencies.
