Market Complacency Grows as Trump Tariff Threats Loom
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BTCCSquare news:
Investors are warning of dangerous complacency in global markets as traders bet on President TRUMP softening his aggressive trade policies. Jamie Dimon of JPMorgan Chase and Amundi's Vincent Mortier both highlighted misplaced confidence in what some call the 'Taco narrative' — the assumption Trump Always Chickens Out of economic confrontations.
The S&P 500's 30% rally since April reflects this optimism, fueled by Trump's temporary tariff pauses. Yet fresh threats against 20 trading partners, including allies like Japan and Canada, suggest escalating trade wars could trigger market volatility. Cryptocurrencies may see increased safe-haven flows if traditional markets react negatively to renewed protectionism.
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