The Dow reversed down ~500 points from its overnight intra-day high, taking US stocks to their 5th consecutive day of losses. The negative catalyst was uncertainty around President Donald Trump’s trade policy, which heightened investor worries. During his first cabinet meeting, Trump stated that tariffs against Canada and Mexico would take effect. He also declared he would soon expand his trade war to include a 25% tariff on goods from the European Union. Following recent soft economic data and ahead of AI bellwether Nvidia’s result, it was too much for the bulls, and the sellers took control.
- The next 5% move by the Dow looks and feels like a coin toss, although the interpretation of Nvidia’s result over the coming sessions will likely exert a significant influence.
MM is neutral towards US stock’s short term
Add To Hit List
