[Chart courtesy of MarketWatch.com] Equities resumed their downward trend after yesterday’s historic rebound, which was triggered by Trump’s 90-day pause on some reciprocal tariffs. The EU followed suit by announcing a similar pause on U.S. goods. Despite this, a 125% tariff rate on goods from China remains, with Trump expressing optimism that “a very good deal” can still be achieved. …
Bond Market Chaos Overshadows Stock Rally
[Chart courtesy of MarketWatch.com] Despite intensifying global tensions, the markets edged into the green early on as traders sought a bottom after recent relentless selling. Optimism persisted even as the European Union (EU) and China announced retaliatory tariffs on U.S. merchandise. China will impose an 84% levy starting Thursday, following U.S. tariffs of 104% on Chinese imports that took effect …
Relief Rally Short-Lived As U.S.-China Tariff Tensions Escalate
[Chart courtesy of MarketWatch.com] Hopes that tariff deals with many countries could be negotiated for mutual benefit provided a brief reprieve from recent market turmoil, bringing some calm even as tensions remained. The broad market bounced back sharply as news spread that around 70 countries had contacted the U.S. to discuss alternative proposals. After three days of steep losses and …
Market Chaos Continues Amid Fake News And Uncertainty
[Chart courtesy of MarketWatch.com] Futures and global markets indicated another session of losses, with the S&P 500 plunging as much as 5.5% before the selling abated and market direction suddenly reversed. Comments from Trump, which turned out to be fake news, suggested a 90-day pause in tariffs for all countries except China, sparking bullish sentiment. However, the lack of confirmation …
Major Indexes Drop Sharply; Domestic TTI Enters ‘Sell’ Mode
[Chart courtesy of MarketWatch.com] Last night, the futures market experienced a pump-and-dump, reflecting the market’s reaction to Trump’s tariff policies. This morning, the sell-off continued, with major indexes and the broader market dropping sharply. As a result, our domestic TTI entered “Sell” mode, and I liquidated our last domestic position in my advisory practice. We are now holding only a …
Markets Steady Ahead Of Tariff Announcement, Bitcoin Surges Above $87k
[Chart courtesy of MarketWatch.com] The equity markets remained steady in early trading despite a weak opening, as the dollar and major global currencies stayed within tight ranges ahead of Trump’s tariff announcement at 4 pm today. April 2nd has been declared “Liberation Day,” with reciprocal tariffs on countries imposing duties on U.S. goods taking immediate effect after the announcement. Traders …