Why does Trump State of the Union 2026 matter for markets?

It shapes expectations on tax, spending, and US tariffs policy. Those policies affect earnings, inflation, and rates. The speech and legal checks can change risk appetite fast. We watch for concrete proposals that could move sectors, currencies, and bond yields, not just the rhetoric around the state of the union address.

How could US tariffs policy affect Australian shares?

Tariffs can slow global trade and lift input costs. That tends to pressure cyclicals and exporters. ASX miners, industrials, logistics, and select agri names can feel second order effects. Currency moves matter too. A stronger USD can support AUD earners but can also signal tighter global financial conditions.

What ^GSPC levels are most important right now?

Near term, 6,795 looks like first support, with resistance around 6,896 to 7,016 based on the 50 day average and Bollinger upper band. RSI and ADX read neutral, so a decisive break on volume would carry more weight than intraday wicks around these levels.

How should I adjust AUD exposure around tariff headlines?

When tariff risk rises, the USD often firms. That can pull AUD lower, which helps exporters but can weigh on importers. Consider aligning hedge ratios to cash flow timing. Avoid binary bets on single speeches. Scale into hedges and review after concrete policy steps or legislation appear.

Law and Government

^GSPC Today: February 26 — SOTU Tariff Talk Keeps Policy Risk High

ByHuzaifa Zahoor February 25, 2026February 25, 2026

Trump State of the Union 2026 keeps policy risk high for equities. The S&P 500 ^GSPC trades at 6,890.07, up 0.77% today, within a 6,815.43 to 6,899.17 range, and 1.6% below its 7,002.28 year high. One year gains stand at 15.17%, with YTD up 0.47%. Fact checks of the state of the union address and legal rulings on tariffs add uncertainty for trade exposed sectors. For Australians, this could sway the AUD, ASX exporters, and risk appetite near term. We outline scenarios, levels, and portfolio moves.