Markets can mark, but each portfolio manager is trying to understand how much the roll of the coastal ship will continue, PM says

• President Trump hit a break button on some tariffs Big banks before the analysts about analysts on Friday’s earnings. The President’s announcement in social media has immediately affected the markets Half More than 500 S & P increased by 9%. Individual shares rose: Delta Air Lines 23% removed, Nvidia Increased by more than 18% and AppleSeeing more than $ 770 billion, it evaporates after concerns about the retail price of the iPhones, and 15% closed the day.

Stockbars erupted by the increase in optimism after the post of President Donald Trump dilapidated Some tariffs and Treasury Secretary Scott Bessent’s comments surrendered the world where the US creepy in the war in the trade war.

Despite the short respite from the massacres of the week, A Cooling uncertainty Machines within the next 90 days.

“Each portfolio manager, you can draw a straight line to future negotiations, ‘” said Jake Schurmeier, a former member of the Portfolic Manager and the former member of the New York Federal Reserve Bank of New York. “We take this song and get 90 days before we have to dance again.”

Level Set: President Trump declared An edge of tariffs Last week, a flower garden was telegraphed since the campaign. Investors were the further impact on price and trade policy in tariffs, but the degree of tariffs is larger than expected. Markets decreased in trade days after Trump’s announcement. The word “Recession” -Kice hand-shaped All expenses have been a spot, and the chances of stumbling the United States have become one of the chances raiseaccording to JPMORGAN CHASEWhose CEO Jamie Dimon declared open After the tariff tumult, a recession was the “probable result”. Trump, Dimon’s comments showed His decision To take partial break on Wednesday.

After the announcement of Trump, the Sunday, S &A, the NASDAQ, which has been up to 500 days, staged the NASDAQ’s weight-contraction rally.

Michael Orlando, the University of Colorado Malgan Malgan Goods and Energy Management Center Executive Director Denver said Fortune Tariff Pause, mainly does not relax with uncertainty that continues to draw attention to capital prices. But Great developmentThe weekend emerges, the US treasures stopped like a safe port during the uncertainty and began to look like a risky bet, “Orlando.

“I think that this tariff’s cooling ‘period, perhaps the president did a lot to eliminate the concerns that he did not understand the concerns of trade,” Orlando said.

But the question remains: What happens next?

‘Wide Air Cover’

First, whether there is a loss of damage from tariffs, along with the cost of widespread economic uncertainty, there are ideas on the will be Schurmeier. All planners around capital expenditures and basic strategic actions were thrown out of the window for not only confidence.

The portfolio manager said that this week is a portfolio manager for planning to combat anyone that can cause questions about CEOS and CFOs, especially between the main companies and analysts.

“It gives a wide air cover to fall any bad news,” Schurmeier said. “There is any bad news, remove this quarter.”

Money managers will also be watched by large banking leaders, such as Dimon, and how their customers would respond to the activities of M & A and want to give credit. Currently, it is too early to talk about the loss of potential loan, but other topics will be an indicator whether there is a stronger business feel.

“What they say will be very instructive,” Schurmeier said.

China: 104% to 125%

Is the other basic tooming issue Chinese.

The next few weeks, after China, it is likely to be zero because of the influence of the most revenge, as Trump’s tariffs in the country are likely to “fight until the end.” Trump did not take a break in Chinese tariffs and instead walked them Due to the “lack of respect” China wrote on social media.

The first eagle investments in the Eagle investment and the Federal Reserve Bank of the New York Federal Reserve said that the situation with China is extremely serious about the world’s two largest economies, the potential for trade relations between the two largest economies.

Trump’s latest movement is unknown in the geopolitical sphere of talking or economic tensions in the geopolitical area of ​​economic tensions on tariffs.

“Acute escalation and economic friction between the United States and China, non-good economic friction, not good for the global economy, this is poured on the geopolitical side?” said. “If they feel nothing left to lose … China begins to push other domains? I hope, ‘No’ ‘

Economic worldview: ‘Very durable’

Edge What can be with China, the US economy remains “a very patient place.”

He brought the forecast to a decline, but Appio is not sure that this stage is not as large as this phase is not as large as this stage, it is not as large as this stage. Moreover, there is still a place for further tariff measures, and at this stage, a few uncertainty has really been eliminated.

“A fear that I have is that we repeat this work in 90 days,” Appio. “It’s been a roller coaster walk to tell the least.”

This story was first displayed Fortune.com

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