On April 14, according to 4E monitoring, global markets fluctuated violently amid the uncertainty of Trump tariffs and the Federal Reserve's easing expectations. After experiencing a roller coaster ride, U.S. stocks rebounded strongly on the weekly basis. Last week, major stock indexes hit their mark in more than a year. Best performance. The S & P has gained a cumulative 5.7%, its best weekly performance since November 2023. The Dow has gained 4.95% and the Nasdaq has gained 7.29%. The index of the top seven technology stocks rose by 8.95%, with Nvidia performing particularly eye-catching, with a weekly increase of 17.62%. The encryption market fluctuated violently. Bitcoin was affected by risk aversion caused by the tariff war, and plunged nearly US$74,000 at the beginning of the week. Later, as Trump suspended reciprocal tariffs and announced an exemption list, market sentiment warmed up. Bitcoin gradually rebounded to a maximum of US$86,000. At deadline, it was US$84408, a weekly increase of nearly 7%. Other altcoins also rebounded sharply, but the overall performance of Ethereum continued to be weak. Although the market rebounded from the loosening of tariff policies last week, Trump's latest statement denied tariff "exemptions" and policy uncertainty remains the main risk. U.S. inflation data (CPI and PPI) were lower than expected, and minutes of the Federal Reserve's March meeting showed inflation could be more persistent. This week we need to pay close attention to Trump's tariff developments and Powell's speech.