Analysis: If no trade deal is reached on April 9, market sentiment will collapse again
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Planet Daily News: According to The Kobeissi Letter's analysis, U.S. stocks experienced significant short-term fluctuations last night due to "tariff delay" fake news. The volatility can be attributed to technical indicator requirements and the market sentiment still operating under the "buy the dip" mindset from years ago. The analysis suggests that investors have become accustomed to buying stocks during dips over the past two years, including both institutional and retail investors. Even in March, capital continued to flow into the stock market as it declined. Currently, if a trade agreement is announced, no one wants to "miss" the bottom. However, the article warns investors that if no trade agreement is reached between the U.S. and China by April 9, market sentiment may collapse again. Market sentiment is highly polarized, with panic levels reaching those of March 2020, indicating more volatility in the future.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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