The Federal Reserve has not stopped tapering; it has only slowed the pace of tapering. Starting from April 1, the monthly reduction limit for U.S. Treasury bonds will be lowered from $25 billion to $5 billion, while the monthly reduction of mortgage-backed securities (MBS) will remain unchanged at $35 billion.
Although this is somewhat positive, the impact is not strong enough.
The U.S. stock market has rebounded, but the rebound volume is relatively small, indicating that buying pressure is still weak, and the possibility of continued decline is quite large.