In the equities space, US futures are slightly lower today after another day of selling yesterday. S&P 500 futures are now down 0.2% but it owes to a softer mood since Friday with eyes also on Nvidia's earnings release tomorrow after the close. That is arguably the more anticipated event for stocks this week than Trump headlines.
So, what does that tell us?
And even in equities, the bout of selling since Friday has hardly much to do with Trump's tariffs threats. The S&P 500 itself is hinting at a double top just above 6,100 and even with the latest drop, price levels are in a comfortable position as we hold at the highs still.
That pretty much shows how market players are taking to Trump's latest threat that the tariffs "will go forward".
I mean, he managed to delay them in just under 24 hours the last time. So, having a full week to go is ample amounts of time for something to happen before the 4 March deadline. We live, we learn.
This article was written by Justin Low at www.forexlive.com. Read More Details
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