1 April | S&P 500

Piper Sandler analyst says US stocks could gain bullish momentum from Trump's tariff announcement

Piper Sandler analyst says US stocks could gain bullish momentum from Trump's tariff announcement

The US stock market began to recover from a significant drop driven by expectations of the introduction of new import tariffs on April 2. The S&P 500 Index rose slightly after falling more than 1.5% in early trading on Monday.

According to Craig Johnson of Piper Sandler, such momentum may be a sign of a double bottom pattern in the market. This would mark the end of the current downtrend and the beginning of a new uptrend. Technical data supports the likelihood of such a scenario, Johnson says.

Last week's trading volume across the NYSE, Nasdaq and American Exchange was at its lowest level since the week ended January 14. Investors are in a wait-and-see mode ahead of Donald Trump's announcement on tariffs, and this creates uncertainty in the market, the analyst notes.

Johnson believes that the American president's speech on April 2 will remove this uncertainty, attract investors back to the stock market and increase the securities’ prices. He adds that April is traditionally a bullish month for the S&P 500.

Brent sell
Period: 31.05.2025 Expectation: 240 pips
Brent crude prices fall amid supply glut and dollar weakness
Yesterday at 10:48 AM 30
Elizabeth_Kuzmicheva
Elizabeth_Kuzmicheva

Listed among the best MarketCheese authors
1st in the segments "Metals" and "Oil and gas"
Period: 30.05.2025 Expectation: 1000 pips
GBPUSD will rally towards 1.35500 amid further dollar weakening
Yesterday at 08:18 AM 32
Period: 29.05.2025 Expectation: 1000 pips
AUDCAD is completing its correction phase and may soon retest 0.9 level
Yesterday at 07:26 AM 19
Period: 28.05.2025 Expectation: 250 pips
Upward momentum in gas prices lasted only one day
22 May 2025 33
Period: 28.05.2025 Expectation: 2733 pips
Selling USDJPY amid concerns over US fiscal situation with target at 140,900
22 May 2025 37
Period: 26.05.2025 Expectation: 62000 pips
Major Ethereum holders drive buying pressure toward 2,700 level
22 May 2025 44
Go to forecasts