-7% drop like last time sounds reasonable, taking S&P500 down to ~5500 which is where everyone was saying a pullback would go to even before the downgrade. Just basing on overbought levels in the last 2 weeks.
Plus Trump is going to put tariffs back on in 2-3 weeks on many nations. 90 day exemption = cancelled
I would like to see a 7% pullback minimum on both S&P500 and Nasdaq100. Then I'll enter US stocks with hopefully AUD higher than the 59c of last month.
RBA rate cut on Tues may lower AUD too
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