Market Navigates Rough Seas

November 26, 2024
Author: Peter Stolcers, Founder of OneOption
Author
Pete

The Trump era is about to start and the rhetoric will ramp up.

PRE-OPEN MARKET COMMENTS - TUESDAY. President elect Trump is rattling his sabers. He mentioned that Chinese tariffs will increase by 10% when he takes office. That's probably a welcome relief for Xi because they were bracing for 20% tariffs. The shocker came when he announced 25% tariffs on our largest trading partners (Canada and Mexico). That sent the S&P 500 futures down 30 points overnight and they have since recovered. If you started trading after 2020, you are going to learn how to trade under volatile conditions. During the first six months of 2025, Trump will implement his policies and the market will adjust to them.

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