Markets Still Weak Until Something Different Happens

Yesterday was a classic Bear Market Rally (BMR), but it’s a different kind of BMR. This is a Bear Market created by the Trump Administration’s misunderstanding of how tariffs work and pissing off our economic allies.

Confidence in the USA has eroded and I expect countries to start unwinding Treasury Bills. This will done orderly as to not spook the markets any more than they already are, and done over a long period of time.

It’s quite possible that we’ve seen the highs for the Stock Market until something different happens, and by different I mean restoring confidence with a solid fiscal plan.

S&P 500

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