Equities tumbled from Asia to Europe to the US as investors were taken aback by the magnitude of the tariffs. US equities and the dollar bore some of the worst selling on speculation the president’s trade offensive will stunt the American economy.
Any relief rally in markets likely limited and temporary: David Roche
Global markets are reacting prematurely to geopolitical shifts, according to macro strategist David Roche. He argues that recent oil and equity market moves reflect speculation
May 25, 2026