WDS is oversold based on a lot of acute market fear that doesn't look at the fundamentals, in my opinion. Based on media reports there is going to be significant political backlash in the US due to the tariffs, which is only just starting. The Republican party will already be worried about how unpopular they are due to the recent administration's activity outside of tariffs, and looking at their future electoral viability. One thing politicians will act on is saving their own political skin, so it is likely Trump gets reined in fairly shortly. Regardless of claims that the policy will not change, I think there will backdowns over the next week given the economic damage occurring.
WDS Price at posting:
$20.43 Sentiment: Hold Disclosure: Held
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