Daniel von Ahlen, senior macro strategist at GlobalData TS Lombard, is urging caution for equity investors.
Fed Chairman Jerome Powell said Wednesday the central bank will "wait for greater clarity" before considering any interest rate adjustments.
Big banks are offering the latest view of how their customers are faring amid Trump's tariff turmoil.
Merrill Lynch and BofA's Private Bank posted flat earnings for first quarter of 2025 even as their parent company reported strong overall performance.