Strategist: The scenario during the COVID-19 pandemic seems to be repeating.

On April 22, the U.S. stock market fell again on Monday, with the Dow closing down 2.48%, the S&P 500 down 2.36%, and the Nasdaq down 2.55%. The main reason for the sharp drop in US stocks was that US President Donald Trump stepped up his attacks on Federal Reserve Chairman Jerome Powell, raising questions about the Fed’s independence, while traders saw little sign of progress in global trade talks. As the threat intensified, the US dollar also came under pressure, hitting a three-year low. At the same time, gold soared to a record high of more than $3,400 an ounce. Michael Green, chief strategist at Simplify Asset Management, pointed out that the situation is gradually becoming clear about the deep contradictions between the Federal Reserve and the US government. We’re actually repeating the COVID-era scenario, which has materially disrupted trade… Most expect some form of stimulus to eventually be introduced to offset the impact of tariffs.