"Much of the fear yesterday stems from fears of inflation with Trumps rhetoric about a 60% tariff with China and a 10% tariff with the rest of the world with a few possible exclusions with our friends"
No, that’s not exactly accurate, although tariffs will play a factor in the future. This was due to Fed Powell's speech yesterday. The key takeaway was his shift from indicating four interest rate cuts in 2025 to saying there will only be two. (you could see it happening in real-time using tick, or 15second charts correlated to his words, That what the algoes trade from), This implies inflation is not under control, freaking the markets out. He also mentioned that the recent interest rate cuts may have been premature. That’s the full context. I watched it closely and traded based on it. $$$$$$
SMN Price at posting:
45.5¢ Sentiment: Buy Disclosure: Held
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