Equities stay in retreat mode ahead of European trading ...Middle East

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That being said, Trump's tariffs are coming at a time that is making for the right blend for an equities correction.

Then, you have US tech giants also being given a reality check from China amid recent AI developments. And suddenly, the darling in the equities space over the past year or so is falling out of favour. But I would say, this is a "healthy" correction.

And that is the main issue that dip buyers need to be aware of as the market focus continues to be on recession risks for the time being.

Looking to the day ahead, the US jobs report will serve as a litmus test for that as well. If the numbers are bad, it will be seen as an amplifier to recession risks and continue to exacerbate market fears ahead of the weekend.

This article was written by Justin Low at www.forexlive.com.

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