Trump has called April 2 'Liberation Day' but it is unlikely that investors will truly be liberated from tariff uncertainties,
We find our trading environment in a state of chop, with the whippy price action across markets being thematic of market players massaging exposures around the edges and not wanting to commit,
Tariffs are meant to reinvigorate U.S. manufacturing, but there is more concern about what they mean for supply chains and the prospect of foreign retaliation right now, amidst signs of a cooling domestic economy,