Uncertainty surrounding U.S. President Donald Trump’s tariffs and the Federal Reserve’s anticipated policy shift has led to volatile market conditions globally. Despite a rollercoaster week in equities, U.S. stocks have rebounded strongly, marking their best weekly performance in over a year. The S&P 500 surged by 5.7%, exceeding its previous high from November 2023, while the Dow Jones increased by 4.95% and the Nasdaq gained 7.29%. This week’s positive performance was largely driven by strong growth in tech stocks, particularly Nvidia (up 17.62%), with the tech sector’s leading index surging by 8.95%. In the cryptocurrency market, Bitcoin initially plunged to near $74,000 due to safe-haven demand triggered by the tariff conflict, before rebounding as Trump temporarily delayed reciprocal tariffs and announced an exemption list. This led Bitcoin to surpass $86,000 before settling at $84,408 for a nearly 7% weekly gain. Other altcoins also experienced notable rebounds, but Ethereum’s overall performance remained weak. Meanwhile, Trump’s aggressive tariff measures weakened the dollar’s safe-haven status, causing the dollar index to fall below the 100 mark for the first time since 2022 and marking a decline of 2.9%, its largest drop in nearly two years. This week, oil prices fell due to concerns about demand, while gold prices surged to new highs driven by increased safe-haven demand. However, Trump’s latest statements denying tariff ‘exemptions’ signal that policy uncertainty remains a significant risk. U.S. inflation data, including CPI and PPI, came in below expectations, while the Federal Reserve’s March meeting minutes suggest that inflation may be more persistent than previously anticipated. This week will focus on developments from Trump’s tariff negotiations and remarks by Federal Reserve Chair Jerome Powell.