Tariff Tango Keeps Feet Still

2025-05-09 23:10:00 ET

Summary

• Hints of tariff relief danced through the headlines, but with more hemming than harmony, investors kept their feet mostly still.
• After two weeks of climbing on cautious optimism, the market decided to pause and ask whether the good news was real, or just lightly disguised hope.
• Friday brought more talk of US-China tariff “de-escalation,” though the president shifted his preferred rate from a rumored 54% to a firm-sounding 80%.
• The Fed is in wait-and-see mode, a position that sounds to those hankering for a preemptive rate cut like nap-and-mutter.

Stocks tiptoed through Friday with all the urgency of a trade negotiator on lunch break. Hints of tariff relief danced through the headlines, but with more hemming than harmony, investors kept their feet mostly still....

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