4E: Trump's tariffs are about to take effect, the market is waiting seriously, and risk aversion is heating up

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According to ChainCatcher, with 4E monitoring, Trump's reciprocal tariffs are imminent. US stocks opened lower due to early market risk aversion, but the Chicago PMI data exceeded expectations and boosted risk sentiment. With quarter-end rebalancing trades, US stocks narrowed their declines, with major indexes ending mixed. S&P 500 rose 0.55%, down 5.75% in March and 4.59% for the quarter; Dow Jones rose 1.00%, down 4.20% for the month and 1.28% for the quarter; Nasdaq slightly fell 0.14%, plummeting 8.21% in March and 10.42% for the quarter. Tech stocks were generally weak, with the "Tech Seven Sisters" index falling 14.83% in the quarter, Tesla leading the decline at 35.83%, followed by NVIDIA at 19.29%.

The crypto market fluctuated narrowly, with Bitcoin rebounding to $84,000 supported by US stocks, later retreating to $82,781, up 1.18% in 24 hours. After falling 18% in February, Bitcoin dropped another 3.5% in March. Ethereum returned above $1,800, falling 18% in March following a 32% drop in February, disappointing market participants with negative sentiment.

In forex and commodities, the US dollar index rose 0.18%, down 3.15% in March and 3.94% for the quarter. With geopolitical tensions escalating, US crude oil rose over 3.05%, up 3.08% in March and 1.39% for the quarter. Funds rushed to safe-haven assets, with spot gold rising 1.25% to $3,145, hitting a new high, up 9.33% in March and 18.48% for the quarter.

Global major assets are affected by Trump's tariffs, and his unpredictable attitude intensifies market uncertainty about future expectations. As the tariff deadline approaches, the market feels uneasy and may further amplify market volatility.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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