Tariff related market wobbles
• Market swings. Mix of solid US data & tariff news weighed on equities, pushed up bond yields, & supported the USD. AUD & NZD lost some ground.• Volatility. More US tariff announcements likely. This can generate volatility. Push-pull forces still at play. Further headline driven swings anticipated.• Event Radar. In addition to US tariff news markets will be focused on US CPI, US retail sales, & Fed Chair Powell’s Congressional Testimony this week. Global Trends Some renewed pressure on equity and bond markets emerged on Friday night. The US S&P500 slipped back ~1% with the tech-sector underperforming (NASDAQ -1.4%)....