According to The Kobeissi Letter, stock market futures have moved lower as traders react to growing uncertainty with the 90-day tariff pause now 20% complete. This development signals increased caution among market participants, with potential impacts on equities and correlated crypto assets as global trade tensions remain unresolved (source: The Kobeissi Letter, April 28, 2025). Traders are closely monitoring the expiration timeline of the tariff pause, as any changes in trade policy could trigger volatility in both traditional and digital asset markets.