Are the stock markets now facing a correction after the previous “monster rally”? The statistics from the past speak for it and let expect a correction of at least 5%. But a single tweet can change everything again! The trigger for yesterday’s fall of the stock markets was on the one hand the return of the punitive tariff issue (against Brazil and Argentina, which are to be hit as suppliers of China). On the other hand the increased probability that the punitive tariffs will be levied against China as of December 15th (if no Phase 1 deal has been made so far). Now it’s France’s turn as a revenge for the French digital tax against Google & Co. Then there is the return of the recession phantom, after the ISM Index (Trade) has now contracted four times in a row.
The Fed was yesterday. Now the big issues are punitive tariffs, ECB and the UK elections! What is the situation of the charts before these events? The decisive factor is still likely to be whether […]
The trade war continues to dominate the markets. And there is a kind of headline chaos! Yesterday great optimism after the supposed agreement between the USA and China on mutual dismantling of tariffs. But then […]