Agency: Trump's tariff policy shift is positive, but uncertainty remains
David Cassidy, chief investment strategist at Wilsons Advisory, said that investors seem to favor the view that Trump's so-called reciprocal tariffs will fall significantly before the 90-day suspension period ends. Cassidy said, "Compared to 24 hours ago, we believe this is a major positive factor for the global and US economies and major asset markets." However, he said, there is still a lot of uncertainty. Cassidy added, "Despite the stock market rebound and improved outlook, some additional risk premiums on US assets may be permanent or may take several years to unwind."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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