Nasdaq takes a flip for the more serious after the height from the Trump U-turn holds

President Trump’s announcement of a 90-day pause to ‘reciprocal however probably not reciprocal’ tariffs led to one of many all-time nice Nasdaq rallies because the index soared 10%.

The day afterwards it gave a giant chunk again earlier than embarking on a contemporary effort to make new highs following a weekend suspension of electronics tariffs. Nevertheless the administration tried to stroll that again and it is now wanting extra like a double high at 17,200.

The Nasdaq Composite is down three.9% immediately and buying and selling at session lows. It did not get any assist from Nvidia’s disclosure that it faces new restrictions on China chip gross sales in yet-another signal of chaotic policymaking. Shares of NVDA are down 10%.

This text was written by Adam Button at www.ubaidahsan.com.



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