TechFlow news, July 28 — According to Zhitong Caijing, the UBS Wealth Management Investment Office stated that since concerns over U.S. tariff policies peaked in April, the S&P 500 has risen nearly 30%. This reflects growing investor confidence that the U.S. will reach compromises with its major trading partners. Recent data also indicate that the U.S. economy has remained resilient, while market sentiment has been boosted by top tech companies continuing to increase their AI-related capital expenditures.
UBS also warned that the sharp gains over recent weeks have already priced in many potential positive developments, and investors should prepare for possible market volatility in the coming weeks. While markets may be encouraged by increasing trade certainty between the U.S. and Europe, U.S. tariff levels remain about six times higher than pre-pandemic norms. The economic impacts of these tariffs are now becoming evident, and uncertainties regarding their scale, distribution, and second-order effects persist. At the industry level, the economic impact of tariffs could be greater than at the national level.
