If you allow me a small digression... So, the US just dismantled US Aid overnight and left developing countries to fend for themselves... And now, someone in the White House thought: you know who our real enemy is? Laos, Madagascar, Bangladesh, Sri Lanka, Cambodia... all very poor countries for whom one of the few sources of revenue is tariffs on (usually) luxury goods... and have been hit with some of the highest tariffs (30-50%) What a bunch of sick motherfuckers. --- Back to trading: I'd short US services (banks, but also tech providers of services: Meta, Google, Apple, etc.) https://www.politico.eu/article/eu-tariffs-counter-strike-big-tech-us-banks-donald-trump/
Wow. That must be an unprecedented after-hour move. And wild counter-moves, too! I may be stating the obvious, but I'm guessing that next major leg down is in play by now. Stay safe, everyone.