$ProShares Ultra VIX Short-Term Futures ETF(UVXY)$
BMO Capital’s Chief Economist, Douglas Porter, highlights the negative impact of tariffs and trade uncertainties on global markets. U.S. tariffs on China, Mexico, and Canada have led to market declines, with the Nasdaq down nearly 10% and the MSCI World Index falling 5% since February 18. Treasury yields rose, while the U.S. dollar weakened amid economic concerns. Recent stock market volatility has been driven by a combination of factors, including uncertainty over monetary policy and interest rate hikes, persistent inflation concerns, geopolitical tensions and trade disputes, ongoing supply chain disruptions, mixed corporate earnings, and fluctuating macroeconomic data.
Events to look out this week… hopefully the bearish trend would stall
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