Impact effect? Risk-off and lower Treasury yields. No break of prior ranges on market rates but it smells like they want to go lower ahead. It feels like this could unravel further negative.

Wednesday’s upcoming tariff announcements provide a wide range of possible outcomes. The uncertainty and downside risks to the economy and earnings have rattled markets.

The stock market will likely be increasingly volatile heading into Wednesday, as President Donald Trump's reciprocal tariffs are set to be announced on April 2, the so-called "Liberation Day.” A Benzinga poll finds the tariffs could cause trouble for a stock market that is already down in 2025.