Institution: Buy-the-Dip Sentiment May Persist Until the End of the Tariff Truce

BlockBeats News, May 2nd, Chief Investment Officer of Northlight Asset Management Chris Zaccarelli stated that the market breathed a sigh of relief today as the employment data came in better than expected. While concerns about an economic recession are still looming, the buy-the-dip momentum may continue, at least until the end of the tariff suspension.

“We have already seen how the financial markets would react if the Trump administration continues with its initial tariff plan, so unless they take a different approach when the 90-day pause in July expires, we will see a similar market trend as in the first week of April. If the Trump administration adjusts its tariff policy, changes the ultimate goal, and exempts unreasonable tariff levels, then the real economy can readjust, and the market will stabilize. However, we are not out of the woods yet.” (FXStreet)