So now even with 50% trade tariffs he thinks it would still send stocks to new lows. The other day on fast money one of the guys in the show said if there were a trade negotiation stocks would jump 5% just on that alone. . gotta love the trade predictions based on this tariff nonsense We’ll probably go down to new lows, even when Trump dials back China to 50%,” Jones told CNBC’s “Squawk Box.” https://www.cnbc.com/2025/05/06/pau...if-trump-cuts-china-tariffs-to-50percent.html
Of course we will test the previous lows. And then have a reversal off the test of low that will boom us into the stratosphere. And all the people disgusted with TRUMP will have to shut up. LOL. That test and reversal may end up being a higher low or even a lower low than the previous low then the huge move up will be forthcoming.
It was on Friday's fast money show, If you have access to cnbc pro it's that episode. I recall it was said by Steve grasso. He said if negotiations are met and a deal with China is done he said there would be a limit up and a huge 5% 1 day rally..... And I very much agree it being a great fade. It would be extremely volatile but also a huge selling opportunity to just get out and kick back ...
This rally looks tired. If the SPX doesn't break 5787 (3/25 close) it is going lower. Looks like VIX has bottomed too. Higher Gold, Silver & Gold/Silver miners seems to be confirmation.
Let me guess.... whenever a fund manager goes on CNBC to say the market will go up or go down....he has a position in that direction... Corruption corruption,
Should they be bullish about the market when they are short and bearish when they are long? Would that make it right?