Analyst: Market participants need to remain vigilant rather than blindly optimistic

Analyst Jinze pointed out that Trump's 90-day suspension of tariffs on countries other than China is essentially a response to the US debt market crisis; the temporary suspension decision triggered a violent stock market rebound, which currently appears to be a technical correction driven by short covering, not a fundamental reversal. The market pricing is unlikely to significantly exceed the level before April 2nd before the situation becomes clearer; the tariff suspension is merely a pause to catch a breath. The structural vulnerability of US debt (impact of arbitrage trade liquidation) and the escalating US-China game remain systemic risk sources, and market participants need to remain vigilant rather than blindly optimistic.