According to The Kobeissi Letter, markets have been adjusting to reduced tariff uncertainty over the past week, particularly following a Wall Street Journal report on March 24th suggesting potential tariff 'leeway.' However, recent developments have shifted market sentiment, providing a 'reality check' for traders. This shift indicates that the market's previous pricing strategies might need reassessment due to the evolving geopolitical landscape.

According to The Kobeissi Letter, Tesla stock ($TSLA) has surged by 13% over two days following news of potential tariff leeway. This development is significant for traders as it may indicate a potential easing of trade restrictions, which could positively impact Tesla's production and distribution costs. Investors are closely monitoring these developments as they could influence the stock's future performance.