According to JPMorgan's head of global equity strategy Mislav Matejka, the current Trump tariff policy is creating significant obstacles for investing in stocks. Matejka emphasized that for sustainable equity purchases to occur, there needs to be a resolution in trade news flow, an end to retaliations, a shift in fiscal consolidation efforts, necessary changes within the administration, and a potential Fed policy adjustment post a weak payroll report. Matejka warned that the US markets are not a secure haven, advising caution in risk-taking. The recent market turmoil, induced by President Trump's tariff announcements, has resulted in a massive $5.4 trillion drop in market value, with the S&P 500 hitting its lowest point in almost a year. Market sell-offs extended globally, with major indices in Tokyo, Hong Kong, and China experiencing significant declines. The potential for entering a bear market looms close as the S&P 500 is down 17% from its peak in February and 13.4% year-to-date. Notably, all stocks in the prominent "Magnificent 7" are facing substantial losses this year. Analysts are finding it challenging to forecast reasonable earnings-per-share assumptions amid the market volatility.