Bob Michele, Chief Investment Officer of JPMorgan Asset Management, stated that the market sell-off is a signal to the Trump administration to take action to restore calm, just as officials did last year when the "Liberation Day tariffs" unsettled investors. "The market is somewhat chaotic at the moment, and there is indeed some panic," Michele said. "The market experienced extreme volatility in April, after which many issues were resolved, and the market returned to calm. We need to hear similar messages." On Tuesday, the S&P 500 erased gains for the year so far, while bonds and the dollar also fell. Previously, Trump threatened to impose tariffs on several European countries opposing his annexation of Greenland. (Jin10)