 US stocks staged a powerful relief rally overnight, snapping back from the recent tariff-induced collapse. All three major indexes posted gains not seen in years, marking a dramatic reversal in sentiment. Yet, despite the scale of the rebound, it remains unclear whether this marks the beginning of genuine investor re-entry—or simply a massive short-covering rally triggered by a temporary policy U-turn. What markets need now isn’t just a pause, but clarity and consistency. If the 90-day negotiation window devolves into more confusion, or if tariffs on China continue to escalate, the gains seen today could vanish just as quickly as they arrived. The crux of the matter is whether yesterday’s rally represents just a reflexive bounce driven by short-covering and algorithmic momentum? With the market having been stretched to deeply oversold levels after recent collapse, the slightest spark was bound to trigger a sharp relief jump. More improtantly, it is uncertain if long-term investors view this bounce as a reason to re-engage with US assets, or merely as an opportunity to exit at better levels. If the latter proves true, this rally could quickly fade into yet another bear market trap.... | 
