BlockBeats News, July 28th, UBS Wealth Management Investment Office stated that since the peak of concerns triggered by the U.S. tariff policy in April, the S&P 500 Index has risen by nearly 30%. This reflects investors' increasing belief that the U.S. will reach a compromise with its major trading partners. Recent data also indicates that the U.S. economy has maintained resilience, and market sentiment has been boosted by top tech companies continuing to increase their capital expenditures in artificial intelligence.

UBS also cautioned that the recent significant gains in the past few weeks have already priced in many potential positive news, and investors should prepare for possible market volatility in the coming weeks. While the market will be encouraged by increased U.S.-EU trade certainty, the level of U.S. tariffs remains about six times higher than the pre-Liberation Day level. The economic impact of these tariffs is currently unfolding, and uncertainty remains regarding their scale, distribution, and second-order effects, with the economic impact of industry-level tariffs potentially greater than at the national level.