We Needed This Movement
The market didn't budge during a heavy round of news and it was stuck. Today we are getting a breakout.
PRE-OPEN MARKET COMMENTS MONDAY - The market was waiting for news from the Chinese trade talks and the outcome was much better than feared. Trump had mentioned that an 80% tariff level seemed "about right" last week. The 10% base will remain (globally) and China will pay a 20% penalty until they control the flow of fentanyl into the US. They promised to curb that. The reciprocal tariffs will be suspended for 90 days. In total, the tariffs are 30% on Chinese goods.
Daily Bulletin Continues...