UBS: Any rebound in US stocks is an opportunity to escape amid the aftershocks of tariffs

UBS pointed out that the risk of reciprocal tariff increases still exists, and economic activity will continue to be dragged down. It is expected that earnings downgrades will continue, and selling should be considered when the market rebounds. Although the Trump administration has taken measures to reduce the likelihood of the worst-case scenario, tariff policies will still have a serious impact on growth. The Federal Reserve's concerns about inflation have intensified, and core PCE is expected to exceed 4%. In the context of high inflation, the Federal Reserve may adopt a conservative stance, and economic uncertainty will persist