Now, the February bar is trading back up toward that level, which is around 21,869.50 (on the futures chart). As long as the price stays below this level, I will remain more neutral than ...

The movement in the chart above is at the center of the market's biggest problem right now: The rules of the game keep changing. For now, they're pushing the tariff rate higher.

That tariff and trade policy is causing huge issues worldwide - and leaving corporations and investors in the dark about the future. Is it possible that “uncertainty risk” is overblown?

The grouped bar chart shows the policy rate for G10 central banks on Feb. 4, 2025 and the market implied rates at the end of July 2025. Reporting by Marc Jones, graphics by Sumanta Sen; Editing by ...

The movement in the chart above is at the center of the market's biggest problem right now: The rules of the game keep changing. For now, they're pushing the tariff rate higher.