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Why the latest stock market pullback feels right

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The cloud of uncertainty hanging over markets on tariff policy should remain in place in the near term.

Any rallies in stocks like we saw after the recent electronics tariff exclusions should be treated as short-lived.

The two superpowers seem light-years apart in calling some form of trade truce.

As all of this is playing out, the administration is still clamping down on relations with China .