The uncertainity about the tariffs on the chinese productes coming to the USA is over for the short-term. The US equity markets will enjoy a short term rally, I'm expecting to see the SPX 500 above the 3k.
Trade with care
Best Regards
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SPX500 has dipped due uncertainity over USCHINA trade deal. We will watch to buy the dip.
In normal circumstances if geopolitical tensions were calmer I would actually believe we would re-test 3000 and possibly make ATHs. However, I believe this random "oops I forgot the tariffs might impact Christmas shopping in the US" is just another Trump ploy to manipulate the market. I believe China will refrain from negotiating in September and Trump will threaten tariffs again and all these gains from today [or this week] will be given right back.
Gold and Silver remain far too high; yields remain far too inverted; I would be extremely surprised to re-test 3000 and actually stay above for longer than a few hours.
The fact on big overall gains today and the treasuries really failed to make any big gains tells you this was just another fake bull day IMO.
transparent-fx
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Gold and Silver remain far too high; yields remain far too inverted; I would be extremely surprised to re-test 3000 and actually stay above for longer than a few hours.
The fact on big overall gains today and the treasuries really failed to make any big gains tells you this was just another fake bull day IMO.