According to the Zhitong Finance APP, asset management company Pruce stated that U.S. stocks have been sold off due to tariff uncertainties and economic slowdown, underperforming global markets. Since the high in February, the S&P 500 index has fallen nearly 9%, while the tech-heavy Nasdaq index has officially entered a correction zone. The firm noted that although volatility may persist, they believe that if the economy and labor market deteriorate rapidly, the Federal Reserve and other central banks may intervene to stabilize growth, and controlling inflation may take a back seat. Therefore, in the current environment of heightened risk aversion, the bond market may continue to play a supportive role, with yields likely to decline further in the short term. Meanwhile, markets outside the U.S. have performed relatively well. The core reason for this sell-off lies in the uncertainty surrounding U.S. tariff policies, which has led investors to readjust their expectations for Trump's second term. Pruce expects that market uncertainty will persist in the short term, as the Trump administration continues to take aggressive policy actions to achieve long-term goals, which may put pressure on economic growth and market sentiment, and could potentially reignite inflation. Pruce believes that shifting from a previously narrow market to a more diversified investment approach can provide stability during market sell-offs. The firm is closely monitoring the market, as market dislocations often create investment opportunities