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Tariff wars: when comparing 2025 to 2018, markets flipped to pessimistic far faster — only weeks in 2025 vs months in 2018

VIDEO: During Trump 1.0, equities bottomed when VIX surged and sentiment flipped negative. Took months in 2018 but only weeks in 2025

Please click below to view our Macro Minute (duration: 7:30).

Stocks have been rallying for two weeks, and while this strength may be difficult for many investors to reconcile amid prevailing skepticism, we believe equities bottomed on March 13th following a 10% drawdown. Many market participants remain caut...

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