It (tariffs announcement) finally happened. Market hates uncertainty. This is being digested by the market now and everything going forward (impact and implication of tariffs) is priced in. Seems like bottom or near-bottom to me? It can only get better from here barring some other completely left-field or unexpected move from the current administration.
\*EDIT:
To the people laughing.. care to explain? As mentioned, all the implications and impact are priced in wrt tariffs. If not, please explain.