Lates News

Analyst CHRIS ZACCARELLI assesses the April non-farm payroll data: The market responded positively to the employment data, with tariff policies still being a source of uncertainty. The better-than-expected employment data relieved some market pressure, although recession concerns persist. The strategy of buying on dips can continue, at least until the end of the tariff suspension period; If the U.S. government continues to push forward with the initial tariff plan after the 90-day suspension period ends, we have already seen how the financial markets will react. Therefore, unless a different strategy is adopted in July, the market trend will be similar to that in early April; If adjustments can be made, with a more detailed new strategy exempting activities that contribute to achieving the government's ultimate goal and setting more reasonable tariff levels, the real economy can readjust and the market can respond stably. However, we are still in a predicament because it is not yet clear how different the U.S. trade strategy will be in the second half of 2025 compared to what we have seen so far.