It all depends on Trump. And his whims.

The financial markets started this morning with great calm, as stocks rebounded, bond yields stabilized, and oil regained its footing.
These movements are based on a struggle between two main narratives, the first of which is currently dominant — namely:
The expectations of a less bumpy journey towards a fairer trading system where the United States receives concessions from its trading partners in a world of generally low tariffs, and the markets receive assistance from more flexible financial conditions as the Federal Reserve implements the four cuts currently indicated by traders.
Conversely,
There are more difficulties ahead as prolonged negotiations continue, with mutual tariffs dominating in the meantime, and the Federal Reserve facing constraints due to high inflation rates, forcing the markets to reprice growth expectations outside the United States#空投操作全指南 #AirdropStepByStep