Market Relief as Employment Data Surpasses Expectations

Chris Zaccarelli, Chief Investment Officer of Northlight Asset Management, noted that the market showed signs of relief as employment data exceeded expectations. Despite lingering concerns about a potential economic recession, the buy-the-dip sentiment is likely to persist until the end of the tariff suspension period.

Zaccarelli explained that the market has already demonstrated its reaction to the Trump administration's initial tariff plan. Unless a different approach is taken when the 90-day pause expires in July, a similar market trend to that observed in early April is expected. If the administration adjusts its tariff policy, modifies its ultimate goals, and exempts unreasonable tariff levels, the real economy could readjust, and the market could stabilize. However, Zaccarelli cautioned that the market is not yet out of the woods.