Today it had a valid first rally attempt. The market may come out of the correction sooner than we thought.
The stock market usually is chaotic and full of madness. This time with a Twitter happy President, we have had unusual amount of madness that can make anyone dizzy. The President’s economic policies are totally geared toward manipulating the stock market with the end goal of re-election in 2020. This is evident with the passage […]
With the recent development of blacklisting the Chinese tech giant Huawei, the scope of the trade war has expanded much larger than originally thought. The semi-conductor sector has been hit really hard as China is the largest buyer of the U.S. made semi-conductor products. This action against Huawei sure does look like an existential risk […]
Since the beginning of the breakdown of the trade war negotiation, the S&P 500 index only suffered a decline of 5.17% from high to low. Despite the severity of the consequences of a prolonged trade war, the investors refused to believe the reality. The S&P 500 made a temporary bottom around 2801 level on Monday […]
The market has been so bullish since the December bottom that even with the worst kind of announcement about the trade war, it refused to believe that the reality is finally here. The major indices suffered only minor damages. Last Friday the market had an intraday bullish reversal indicating it should go higher on Monday. […]