I can't help looking at this double drop on China tariffs and think it looks like the double drop last year. Patterns are very similar.
China agreed to talk with Trump in Sept, and the market always goes pumptarded on false hopes. SPX and small caps may have an issue going pumptarded because they both have energy and retail stocks, but the Nas could melt up like last summer. Tech earnings are still pretty good, lots of companies setting ATH.
This is the most pumptarded scenario that I could come up with, I like to post both bull and bear scenarios. Quite frankly I though the market was gonna melt up until trump tweeted.
Regardless, I expect some whipsaw here next few days, and some weakness towards the end of the month as tariffs kick in. Funny thing is, with Chinese currency devaluation, the tariff isn't going to make much impact on prices.
China agreed to talk with Trump in Sept, and the market always goes pumptarded on false hopes. SPX and small caps may have an issue going pumptarded because they both have energy and retail stocks, but the Nas could melt up like last summer. Tech earnings are still pretty good, lots of companies setting ATH.
This is the most pumptarded scenario that I could come up with, I like to post both bull and bear scenarios. Quite frankly I though the market was gonna melt up until trump tweeted.
Regardless, I expect some whipsaw here next few days, and some weakness towards the end of the month as tariffs kick in. Funny thing is, with Chinese currency devaluation, the tariff isn't going to make much impact on prices.
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Pumptardedness still remains a possibility.