{"id":13281,"date":"2025-05-23T21:00:00","date_gmt":"2025-05-23T21:00:00","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&p=13281"},"modified":"2025-05-23T18:15:38","modified_gmt":"2025-05-23T18:15:38","slug":"markets-on-edge-again-trumps-tariff","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/sv\/education\/market-insights\/weekly-outlook\/markets-on-edge-again-trumps-tariff\/","title":{"rendered":"Markets on Edge Again: Trump\u2019s Tariff Whiplash Returns to Centre Stage"},"content":{"rendered":"\n

Trade Tensions Are Back \u2014 With a Vengeance<\/strong><\/h2>\n\n\n\n

Just when markets had started to settle after the temporary reprieve on China tariffs, Trump\u2019s trade war is not just back\u2014it\u2019s back with bite. From 1 June, the US could slap a 50% tariff on EU imports, raising fears across markets that the relatively stable patch we’ve seen might be short-lived.<\/p>\n\n\n\n

Tech and pharma stocks, both on the receiving end of the president\u2019s ire, are especially vulnerable. Expect volatility. The potential for sweeping price hikes looms large, and markets are now factoring in the knock-on effects for broader economic activity.<\/p>\n\n\n\n

\n\n\n\n

Consumer Confidence Might Rebound \u2014 But It\u2019s Yesterday\u2019s News<\/strong><\/h2>\n\n\n\n

Yes, we\u2019re likely to see a pop in consumer confidence this week. The temporary US-China deal\u2014where tariffs were cut from 145% to 30%\u2014and recent equity gains should\u2019ve helped sentiment. But Friday\u2019s social media tirade from Trump changes the outlook.<\/p>\n\n\n\n

The rebound, if it comes, will be met with a shrug. Consumers, like markets, are more concerned about what\u2019s next. With no guarantee that tariffs on Chinese goods stop at 30%, fear over future spending power will cap any positive momentum from this data.<\/p>\n\n\n\n

\n\n\n\n

Core PCE Deflator: Soft Print, But the Wrong Focus Now<\/strong><\/h2>\n\n\n\n

We\u2019re looking at a benign inflation read this week\u2014core PCE deflator likely up just 0.1% MoM based on recent CPI and PPI data. Normally, that would cool rate hike fears. But with tariff hikes looming, the Fed\u2019s preferred inflation gauge might already be obsolete.<\/p>\n\n\n\n

If companies are forced to eat higher import costs now, they\u2019ll be passing those on to consumers before long. Inflation expectations might look calm today, but the re-escalation in tariffs puts that picture at risk.<\/p>\n\n\n\n

\n\n\n\n

Boeing\u2019s Order Book Plunges \u2014 And So Will Durable Goods Data<\/strong><\/h2>\n\n\n\n

April was brutal for Boeing. Just 8 aircraft orders, down from 192 in March. That collapse alone will take a chunk out of durable goods orders data, and it’s a clear warning that corporate confidence is taking a hit.<\/p>\n\n\n\n

It\u2019s not just a Boeing story\u2014it\u2019s emblematic of broader demand uncertainty as companies freeze big-ticket investment decisions amid trade chaos.<\/p>\n\n\n\n

\n\n\n\n

Chart to Watch: Dow Jones Industrial Average<\/strong><\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

Dow Jones is in a very interesting position at the moment. It\u2019s just rejected a major horizontal resistance around 42,800\u2014a level that\u2019s previously acted as both a ceiling and a floor\u2014supporting bearish momentum and adding weight to the idea that a short-term top could be in.<\/p>\n\n\n\n

More crucially, it\u2019s flirting with the lower boundary of an ascending channel that\u2019s defined price action since the April lows. A clean break below that support line could be the signal for a deeper retracement. Given the macro backdrop\u2014rising tariff risks, fragile sentiment, and patchy data\u2014I reckon we\u2019re in a complex correction of some sort. This market clearly isn\u2019t ready to trend with conviction.<\/p>\n\n\n\n

Technically, it looks like price is rolling over and momentum has shifted. We might see a deeper move towards 40,000 if this channel gives way decisively. Keep an eye on that structure\u2014it\u2019s shaping up to be the battleground for the next leg.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Dow\u2019s rejection of key resistance and looming channel breakdown hints at a market still caught in a complex correction \u2014 it\u2019s not ready to move with conviction.<\/p>\n","protected":false},"author":162,"featured_media":13284,"parent":0,"comment_status":"open","ping_status":"closed","template":"","market_insights_categories":[14],"class_list":["post-13281","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-weekly-outlook"],"acf":[],"yoast_head":"\nMarkets on Edge Again: Trump\u2019s Tariff Whiplash Returns to Centre Stage - Alchemy Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/alchemymarkets.com\/sv\/education\/market-insights\/weekly-outlook\/markets-on-edge-again-trumps-tariff\/\" \/>\n<meta property=\"og:locale\" content=\"sv_SE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Markets on Edge Again: Trump\u2019s Tariff Whiplash Returns to Centre Stage - 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