While I agree it was probably the Treasuries that did him in so fast (he folded *hours* after the tariffs went into effect), do notice that he (coincidentally?) also folded hours after the EU retaliated (with a lag) to his steel tariffs and indicated they would next retaliate against the car tariffs (and the "reciprocal" ones). Notice also how he somehow "forgot" to include the EU with China as bad boys who retaliated and halved the last tariff on the EU (on the very same day they retaliated). Edit: also he slapped an additional 10% both on Canada (that had retaliated) and Mexico (that had not). If it sounds like it makes no sense it is because, well, it doesn't!
By the way, if you think trading this market is hard, you should try Taiwan's... Monday: TSMC, Foxconn, Mediatek, etc. gap down limit 10% right at the open Thursday: same companies, gap up limit 10% right at the open And there people mortgage their houses to trade stocks
MARKET WIZARDS 2030 EDITION. "It was so hard to make money, I tried real estate, casinos, setting up a University, even selling prime steak cuts. Nothing worked in the long term. Then I had this brainwave.... what if I could get myself in a position to CONTROL the markets? A real life crystal ball. WOW..I would know in advance when to buy, when to sell..no risk!. So, that's what I did. Then all I needed to do was create the news flow on my own untouchable social media platform. Bad news- sell. Good news- buy. Pause for 90 days to allow some new money to come into the market. Rinse and repeat. I had to throw in a few "fake news" Buys and Sells from time to time as it was becoming too easy for folk to just follow along for the ride. It was the easiest money my family ever made. The downfall? Yeah, I never should have got back into stupid real estate. That Gaza Plaza blew every last dime. I regret it all. Hopefully when people read my story in your book they will show some leniency at the sentencing hearing. I'm in my 80's for crying out loud..although in tremendous health I may add." Anon- Florida
If that is so, why was yesterday's ES volume only higher than Tuesday's but not Monday's and Friday's? Note, I'm not saying the bottom is not in. I, like everyone else who has a clue, knows this is always an after the fact .... fact. Call makers always always point out when they are right. Traders trade for profits not attaboys.
https://www.yahoo.com/finance/news/...is-about-to-blow-up-in-markets-180240729.html Wild swings in Treasurys have investors worried something is about to 'blow up' in markets
US Core CPI YoY Actual 2.8% (Forecast 3%, Previous 3.1%) US short-term interest-rate futures rise after data as traders add to bets on Fed rate cuts. Traders boost bets on a full percentage point of Fed policy rate cuts by year-end.
There are 2 types of swings A. decisive/curvy/decisive swing B. jerky/spiky/chaotic swing type A is very good for day trading. avoid type B at all cost.
Bullish news. Futures down ? Time to short again?! Already ??? On a technical note … We were at the whole move 50% retracement. Guess a reaction from this level was likely. Now … Are we going to print a HL ? LL ? Not sure if the leg up is over though, But overnight doesn’t look good. Despite the bullish CPI. Let’s see the open. Imagine a 15% intraday down move xD Improbable but not impossible. Given the current market.