Markets Brace for Tariff Volatility as Macro Events Drive Trading Activity
Equities trading desks are bracing for heightened volatility as the August 1 tariff deadline approaches. Stuart Lawrence, head of equities at UBS Asset Management, cautions that markets trading at all-time highs may face a pullback in September when tariffs take effect. "Irrational optimism" could clash with hard economic data, he warns.
Lawrence examines evolving trade concentration patterns in Europe following Trump's April tariff announcements. His analysis spans global activity, volumes, and volatility metrics over the past six months. The looming policy shift threatens to disrupt current market dynamics.