Nasdaq goes destructive

The market went into the weekend with appreciable optimism about progress between China and the USA however what unfolded was:

• A dropping of tariffs on everybody relating to electronics
• A White Home reminder that 20% fentanyl tariffs remained on Chinese language electronics
• Lutnick saying that electronics (and different) tariffs had been nonetheless coming quickly
• Trump confirming what Lutnick stated

It was all so chaotic and on the finish of it, I am left considering that the electronics tariffs that results of Part 232 will likely be extra lasting and fewer of a negotiating device.

Initially, we noticed a spike within the Nasdaq on the open but it surely’s slowly pale and is now buying and selling flat.

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



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