The implementation of Trump's tariffs is imminent, the market is seriously waiting, and risk aversion sentiment is heating up

April 1st news: According to monitoring, U.S. stocks opened lower this morning due to rising risk-averse sentiments as Trump's reciprocal tariffs are imminent. However, better-than-expected Chicago PMI data boosted risk appetite, along with end-of-quarter rebalancing trades, leading U.S. stocks to pare earlier losses, with major indices closing mixed. The SP 500 ended up 0.55%, despite a 5.75% drop in March and a 4.59% decline for the quarter. The Dow Jones rose by 1.00%, finishing the month down by 4.20% and the quarter down by 1.28%. The Nasdaq slightly fell by 0.14%, with a steep 8.21% drop in March, accumulating a 10.42% decline over the quarter. Technology stocks were generally weak, with the "Tech Seven Sisters" index falling 14.83% for the quarter, led by Tesla's sharp 35.83% decline, followed closely by Nvidia's 19.29% drop.

The cryptocurrency market saw narrow fluctuations, with Bitcoin rebounding to $84,000 boosted by U.S. stocks but retreating after the close to stand at $82,781, up 1.18% over 24 hours. After an 18% drop in February, Bitcoin closed March with a further 3.5% decline. Ethereum returned above $1,800, disappointing after a 32% crash in February and an additional 18% fall in March, reflecting very negative market sentiment. Global major assets are influenced by Trump’s tariffs, and his unpredictable stance exacerbates market uncertainties about the future. As the tariff liberation day approaches, market anxiety is palpable, potentially magnifying market volatility.