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NEW YORK (Reuters) -U.S. President Donald Trump's scheduled April 2 tariff policy announcement could clear a fog of uncertainty that has clouded financial markets this year, yet few investors expect to get the definitive guidance they seek. Investors entered 2025 bullish about pro-growth government policies under Trump, but instead the stock market has swooned since his inauguration. Headlines on tariffs whipsawed Wall Street, knocking the S&P 500 as much as 10% earlier this month.

Wall Street's main indexes took a step back on Friday, as fresh data highlighted an uptick in underlying price pressures that surpassed expectations, igniting concerns that the Trump administration's tariff strategies might further fan the flames of inflation. A Commerce Department report showed the Personal Consumption Expenditures Price index rose in line with what economists polled by Reuters were expecting. Equities have endured pronounced downturns over the past month, fueled by apprehensions that President Donald Trump's policies could usher the economy into an era of elevated inflation and sluggish growth, potentially casting a shadow over the Federal Reserve's monetary policy path.

A rocky U.S. stock market will be tested in the coming week by a pivotal deadline for President Donald Trump's tariff plans and an employment report that could reveal a slowing economy. The S&P 500 was on pace for its second straight week of gains. "April is going to have a lot of moving parts and probably a lot of volatility following a really difficult March," said Eric Kuby, chief investment officer at North Star Investment Management Corp. "There's a lot of information that could move markets in a variety of different directions."

A seemingly endless drumbeat of tariff news — mostly negative, some positive — has been pulling the market back and forth. Market action has almost entirely become the tariff palace intrigue.

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XRP (CRYPTO: XRP) and Solana (CRYPTO: SOL) stand to gain quite a bit, assuming things continue as anticipated. Of those institutional investors in the Coinbase survey, 57% said that greater regulatory clarity would be the next catalyst for growth within the digital assets industry, which includes the entire cryptocurrency sector. Both XRP and Solana are highly exposed to regulatory catalysts, and the early signs suggest that things are playing out in their favor.

Over the past five years, shares of Strategy (NASDAQ: MSTR) are up by a whopping 3,000%. At the same time, he is now suggesting that other companies, both big and small, commit to making the token a balance sheet asset.