So the reciprocal tariff anouncement comes April 2, then the negotiation process begins with the various countries. So weeks and weeks (or months) of uncertainty, ups and downs, and the financial markets be damned.
Just a guess, but if favorable deals are cut in the coming weeks, the markets could eventually get acclimated to the process, and then not freak out as much, except when the periodic economic numbers show signs of a slowing economy, rising inflation, etc. Fwiw, on the calendar I've penciled in the key economic data release dates for the rest of the year (inflation, GDP, unemployment, PCE, etc). Eventually when the tariff news no longer has much effect on the market, these economic numbers will once more become the key drivers of the stock market's direction.
But in the nearer term, if tariff deals start coming in fairly quickly, and favorably, then the markets could stabilize and some confidence return. Who knows, but Trump also said he's about to announce tariffs on pharmaceuticals, so what industry will be next? This whole process has been very poorly thought out. My 'one country at a time' idea would have been much better Don.
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