US EQUITY OPEN: Indices sell off in risk-off trade as Trump's nationwide address shows no signs of de-escalation

The sell-off in US indices indicates a risk-off sentiment, likely driven by concerns over escalating tensions following Trump's address, which lacked de-escalation measures. This environment typically pressures equities and could bolster the dollar as investors seek safer assets. The geopolitical backdrop suggests investors may rotate into commodities like gold or oil, viewing them as hedges against uncertainty.