Institution: Non-farm employment exceeds expectations. The momentum of buying on dips may continue until the temporary suspension of tariffs ends.

Chris Zaccarelli, Chief Investment Officer of Northlight Asset Management, stated that the market breathed a sigh of relief today as the employment data exceeded expectations. Although concerns about an economic recession are still brewing, the buying momentum on dips may continue, at least until the temporary tariff suspension ends. We have already seen how the financial markets would react if the Trump administration continues with its initial tariff plans, so unless they take a different approach when the 90-day suspension period expires in July, we may see a market trend similar to 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 have not yet emerged from the dilemma.