‘Frustration and Fatigue’ Hit Stock Traders in Run-Up to Tariffs
Some Wall Street pros are hoping that Wednesday ends up being the so-called Trump Put, with the president signaling a win and releasing some of the pressure weighing on the stock market.
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The Trump administration’s mixed messaging on what new tariffs will be unveiled Wednesday and how they’ll be announced have equities traders flustered as they try to position around the biggest risk confronting the market in years.
“The best way to summarize this trading environment is frustration and fatigue,” said Joe Gilbert, portfolio manager at Integrity Asset Management. “We don’t really have a clear playbook on how to proceed.”