Economists have floated the effects of tariffs on the global economy, but investors need to realize that these views are just that—opinions. Opinions based on theory that may or may not play out in the end, so what matters more is what is actually happening in the economy and the markets today. The answer is

The market’s machine is all connected to one simple theme: the level of volatility in the current environment. When volatility is on the rise, fear starts to spread across participants, from individual investors to systematic funds that rely on algorithms to shift and balance their positions. When volatility is rising, even the machines know it’s