Sharp selloff in all risk assets to end the week, as Trump threatens China with renewed tariffs. After market close, he also announced an extra 100% tariff on Chinese imports, plus export controls on critical software. Markets sold off sharply, with SPX down -2.7%, QQQ down -3.5%, and Bitcoin down -9%. VIX shot up to 22, credit risk is soaring, and gold took a leg higher. It’s mayhem out there.
Could this be the big volatility event that everyone has been waiting for? Or will Trump pull another TACO (Trump Always Chickens Out) and revert his stance? Today’s post is a must-read for anyone who still has money invested in the market at this moment.
The rest of this article is for premium members. Today’s post covers:
AMD and OpenAI deal
China trade war restarted
Change in market structure
Selling not over
Our portfolio - new trade
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