According to The Kobeissi Letter, President Trump stated that 'this is Biden's stock market, not Trump's' and warned that 'tariffs will soon start kicking in.' He emphasized the need to 'get rid of the Biden overhang' for an economic 'boom' to begin (source: The Kobeissi Letter, April 30, 2025). These remarks point to potential increased market volatility, especially in sectors sensitive to tariff policy and trade relations. Traders should monitor upcoming tariff implementation timelines and sector-specific impacts, as well as the broader sentiment shift regarding U.S. economic leadership.

According to Skew Δ, the first batch of Q1 and April 2025 economic data reveals clear tariff impacts, with prices rising and economic growth slowing. The data shows a significant decrease in hiring, as businesses are holding back on new employment due to ongoing uncertainty. This contraction in hiring and rising costs could signal reduced consumer spending and lower business investment, both critical factors for traders assessing near-term market risks and volatility. Source: Skew Δ on Twitter, April 30, 2025.