#MarketPullback The current market pullback is largely attributed to trade policy uncertainty, particularly surrounding tariffs imposed by the Trump administration. According to strategists, the market has already priced in potential good news on tariffs, leaving limited upside potential in the short term. The S&P 500 benchmark index is expected to remain range-bound at 5,500-6,000 points for the next month.

Key Factors Contributing to Market Pullback:

- Trade Policy Uncertainty: Trump's tariffs and tax policy uncertainty are causing market volatility.

- *Valuation Concerns*: Stocks have rallied significantly, making it challenging for further gains.

- Economic Indicators: Softening US data and moderating wage growth may impact market performance.

*Market Performance:*

- The S&P 500 index saw a -1.36% change, closing at 5,957.80.

- The Nasdaq index experienced a -1.54% change, closing at 21,555.80.

Expert Insights:

- "Equity complacency" is a significant risk, according to Lisa Shalett, chief investment officer for Morgan Stanley's wealth management division.

- Strategists expect the market to remain volatile, with potential pullbacks limited in the current environment.#Write2earn