Correct Lux - US markets have gone up dramatically.
However, it was because of a humiliating backdown by Trump on tariffs. He now has announced a 90 day pause with reciprocal tariffs he imposed just a week ago. Markets only went up when tariffs were removed.
The pressure from his advisors and the tumble in global share markets have scared him into this colossal reversal. Trump blinked first. He will now concentrate on China - which will effectively end their exports to the US but there wil now be shortages as US plants will not be able to have extra capacity and that will mean higher prices in the US.
Trump's policies seem to have backfired.
BIT Price at posting:
0.3¢ Sentiment: Sell Disclosure: Not Held
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