Historical trends suggest that S&P 500 index tends to rebound strongly after periods of sell-off and recovery, with the index always higher a year later. Meanwhile, US Treasury Secretary Scott Bessent said countries that haven’t signed trade deals by August 1 will face the tariffs detailed on April 2. The market, however, is unfazed, and seems to think intimidation followed by negotiation is the modus operandi of this administration. In other news, Thailand is the worst-performing emerging market stock market in the world this year, down 20% The country has had 17 prime ministers in the past 20 years, and the politics could be eventful in the months ahead.
