Investors are becoming more cautious about the 'Trump Trades' due to uncertainties surrounding President Trump's tariff proposals.
The dollar, which initially saw gains after the election, has now stabilized and remains relatively unchanged. Treasury yields have also settled back into their recent ranges after experiencing significant fluctuations in the past few days.
On the other hand, Chinese stocks and the yuan, which were negatively affected by tariff concerns, have started to recover, indicating a shift in market sentiment.