Tariffs are so back
|Shallow premarket S&P 500 correction mirroring Friday‘s Trump tweet-based one, opening buying that I warned about as one to run into trouble, hunting for supply during the regular (risk-off) session, and finally buying before the closing bell. Is the sectoral perspective and late session buying convincing?
The aftermarket price action speaks for itself – also predicted for clients to unfold, and here we are with the bullish daily gap. Look for more of the same – traps, flushes on mean tweets, salivation for rate cuts (check Russell 2000… and USD barely recovering (hint, it‘s not over, and how many serious country deals have been concluded)?
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