Defensive Rotation Emerging: The combination of tariff fears and earnings uncertainty is driving investors toward defensive plays, with traditional safe sectors like utilities and healthcare notably quiet as money flows into precious metals instead.
Watch for Volatility Spikes: The unusual combination of geopolitical tariff threats, earnings season, and upcoming PCE data creates a perfect storm for market swings—consider reducing position sizes or adding hedges if you're heavily exposed to international or cyclical stocks.