According to The Kobeissi Letter, President Trump stated that 'this is Biden's stock market, not Trump's' and warned that 'tariffs will soon start kicking in.' He emphasized the need to 'get rid of the Biden overhang' for an economic 'boom' to begin (source: The Kobeissi Letter, April 30, 2025). These remarks point to potential increased market volatility, especially in sectors sensitive to tariff policy and trade relations. Traders should monitor upcoming tariff implementation timelines and sector-specific impacts, as well as the broader sentiment shift regarding U.S. economic leadership.