Today's 'reciprocal' tariff announcement initially left markets weary but after a CNBC report suggesting they will be delayed and have some exceptions, the market has quickly concluded that it's more about negotiations than actual tariffs.
The S&P 500 is now 38 points higher or +0.6% with the Nasdaq even stronger up 1.0%.
Another notable one is USD/CAD, which is now at the lowest since mid-December when Trump first threatened tariffs on Canada.
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