This week could be one that historians look back on and talk about. Commodity and currency market mass panic at open. Who else thinks this is a play to get the Fed to reduce interest rates and restart QE in the US? My bet is that's why Trump touts the short term pain for long term gain.
What he's forgetting is the US is fast becoming uninvestable and non finance ramifications for world geopolitics and security. We could be close to pivot time, but margin accounts need wiped out first and the market to overshoot massively to the downside. We are not there yet. Another 10% fall in US markets yet.
For those with nerves of steel ( not me !) I suspect this week could be one of the best buying opportunities in certain assets seen in decades.
Traders crave volatility. Now they have it, what do they do with it ?
Dan Ives has halved his Tesla price and if the biggest bull on Wall Street does that, you can bet he is still at the top end.
