First of all, let's draw a conclusion. In the short term, we should focus more on what kind of tariffs will be negotiated. If this doesn't happen, everything else will be just floating clouds. After determining, make a preliminary assessment of the impact on global trade volume, economies of various countries, inflation, and employment, and then look at the direction of monetary policy of each country, especially the Federal Reserve. Combined with regulatory actions, the possibility of recession (related to the US stock market) is used to determine whether the fundamentals have stabilized, which belongs to the position building cycle on the right-hand side of fundamental investors