Market Calm Returns After Trump's Tariff Delay, But Trade War Uncertainty Persists

Trump's Tariff Pause Saves Market from Edge of the Cliff, Dan Ives Says Biggest Wild Ride Yet

In a surprise move, President Donald Trump announced on Friday that the United States would pause its tariffs on Chinese goods, sparking a massive rally in the markets. The news sent stocks soaring, with the Dow Jones Industrial Average surging over 300 points and the S&P 500 gaining over 1.5%.

According to Wedbush Securities analyst Dan Ives, the tariff pause "saves the market from the edge of the cliff." Ives, who has been vocal about the potential risks of the trade war, said that the news is a "game-changer" for investors.

"This is the biggest wild ride yet," Ives said in an interview. "The market was getting ready to take a nosedive, but Trump's announcement has given investors a reason to breathe again."

Ives noted that the pause in tariffs is a significant development, as it suggests that the two nations are making progress in their trade talks. He believes that the news could have a positive impact on the broader market, particularly for stocks that have been hit hard by the trade war.

"We're seeing a massive rotation into the winners of the trade war, like the retailers and the tech stocks," Ives said. "This is a major win for the bulls, and it's a big deal for the market."

Despite the positive news, Ives cautioned that the trade war is far from over. He believes that there are still significant challenges ahead, particularly if the two nations cannot agree on a comprehensive trade deal.

"This is just a pause, not a cessation," Ives said. "We're still a long way from getting out of the woods. But for now, this is a huge win for the market, and it's giving investors a reason to be optimistic."