According to @KobeissiLetter, the S&P 500 has lost $2.5 trillion since April 9th, highlighting the market's sensitivity to the stalled trade negotiations and tariff discussions. Japan's stance of not conceding further in US tariff talks adds to the uncertainty. Traders should monitor these developments closely as they could impact market volatility and investment strategies.

According to @KobeissiLetter, the S&P 500 has suffered a significant loss of $2.5 trillion since the high on April 9th, largely due to the lingering uncertainty surrounding US-Japan trade negotiations. The talks have stalled as Japan declares they won't continue conceding, impacting market stability. Traders are closely monitoring these developments as they could lead to volatility in the stock market.

According to @KobeissiLetter, China has imposed a significant 34% tariff on all US goods as a major retaliation against President Trump's policies. This move has resulted in a substantial impact on the market, with the S&P 500 experiencing a two-day loss amounting to $3.5 trillion. Traders should monitor the ongoing trade tensions as they could heavily influence market volatility and strategic asset allocation.