Take semis tariffs seriously
|S&P 500 offered two good-looking intraday shorts that one had to be nimble to take advantage of (I managed just with the second push to 6,330 – the key level I talked about in the premium analysis, alongside the range‘s upper border at 6,360). The buying in tech was relentless, and with the semis tariff announcement to boost domestic production, it then became apparent why. The upswing continued aftermarket just as USD was struggling in trying to put in an important bottom (its situation looks much better today, accounting for premarket and my expectations from unemployment claims reaction).
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