According to The Kobeissi Letter, on April 2nd, stocks initially rallied into the market's close as investors anticipated lighter tariff announcements. Following the announcement of a 10% baseline tariff, the rally continued. However, stocks collapsed shortly after as additional reciprocal tariffs were announced, indicating significant market volatility and the impact of trade policies on trading decisions.

According to The Kobeissi Letter, the Volatility Index ($VIX) surged more than 22% in a single day after President Trump's tariff announcements. This marks a total increase of 60% since February 14th. Traders should note the sharp rise in $VIX as a signal of heightened market uncertainty, potentially impacting trading strategies focused on volatility-sensitive assets.