So Much For Relief...
🇺🇸🇨🇳 The tariff situation showed a brief period of brightness today, as Bitcoin reached $80.2K again and the S&P 500 started up on the day by +4%. However
یہ مالی مشورہ نہیں ہے۔ DYOR۔
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🇺🇸🇨🇳 The tariff situation showed a brief period of brightness today, as Bitcoin reached $80.2K again and the S&P 500 started up on the day by ~+4%. However, no notable positive progress has been announced on tariff negotiations. Developments of note:
📌 Bitcoin is back down to $76.4K, down more than -9% since Trump's Liberation Day announcement
📌 Yesterday, China sold $50B in treasuries in retaliation to Trump's initial tariff announcements
📌 Today, USA retaliated back with an announced tariff hike on China to a staggering 104%, effective approximately 8 hours from now
All markets will continue to see unprecedented volatility and minimal strategy until tariff clarity comes forward, or retail traders begin opening extensive shorts or significantly sell off. Neither have occurred as of yet.
Stay tuned, and monitor the above pictured chart here.
یہ مالی مشورہ نہیں ہے۔ DYOR۔
