Tariff Wars: Impact on Global Economy and Market Recovery (E73)

The tariff wars continue to loom large over the global economy. There has been a pause for 90 days for everyone except China; many are speculating whether this was the catalyst that sparked a market recovery. This week, be on the lookout for Fed Chair Powell’s speech scheduled for Wednesday, April 16, which could offer insights into future monetary policy. Additionally, watch for the release of initial jobless claims, as these figures can significantly influence market sentiment. The SPY closed the week at 533, and it is expected to encounter resistance at 543. If it gains enough momentum, it could potentially push towards 548 and eventually close the gap to 562, which many investors are eyeing. Meanwhile, the real estate market remains largely unchanged, with mortgage rates staying stagnant within the 6.5%-7% range; this stability could be a double-edged sword, as it may deter potential buyers while providing some relief to existing homeowners. On a more positive note, Bitcoin seems to be making a recovery as it rebounds from 82k and moves above 85k, reflecting renewed investor interest. However, amidst all this uncertainty, we may continue to see volatility in the capital markets, leading many to adopt a cautious approach when making investment decisions.