I highlighted the autumn into the opening hole earlier in the present day and now it is completely closed. The index was down by 0.5% on the lows a couple of minutes in the past and is now buying and selling at +0.3%.
SPX 10 minutes
The query available in the market is whether or not ‘reciprocal however not reciprocal’ tariffs will go into impact at midnight together with 50% tariffs on China and there have been many betting Trump would again off. There isn’t a proof of that but.
I’d argue that even when we return to 10% across-the-board tariffs, then we nonetheless have an issue within the financial system, possible retaliation and too many price cuts priced in.
