Stocks experienced a rebound as dip buyers stepped in, despite lingering tariff concerns. Market sentiment steadied following initial panic related to AI developments. Participants are gearing up for crucial events, including the first FOMC decision of the year and earnings from major companies dubbed the 'magnificent seven'. The uncertainty regarding trade tariffs, including potential new rates on imports from Canada and Mexico, continues to loom, leading to high levels of policy uncertainty affecting market decisions.
"While the turnaround in stocks did seem somewhat fragile at first, equity bulls increasingly gained the upper hand as the day progressed, with dip buyers emerging en masse."
"Policy uncertainty remains extremely high, making it challenging to maintain short USD positions as tariff threats linger over the market."
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