Why the stock rally may be in trouble after the White House ‘backtracked’ on tariffs - MarketWatch
1. Market priced in tariff backtracking, limiting further S&P 500 gains. 2. S&P 500 shows modest decline after a long winning streak. 3. Tariff exemptions include tech and auto sectors, impacting import costs. 4. Economic data remains solid, but the risk of growth slowing persists. 5. Investors are advised to favor defensive sectors amidst uncertainty.