U.S. stocks were slammed for a third day on Monday as the White House remained defiant even after President Donald Trump’s rollout of shockingly high tariff rates on most key U.S. trading partners has caused a market meltdown.
We’re an hour into the trading session.
Right now we’re all just pushing the stock price planchette — the bears and shorts all entered this morning with their trades queued up from the weekend.
Where we stop nobody knows, usually there are a few reversals through the day.
the bears and shorts all entered this morning with their trades queued up from the weekend.
Yupp, that’s why it would be very fitting as a proper dead cat bounce from just the massive amount of shorting that had already been happening.
But you are also right - no one has a crystal ball here. Who knows where the volatile ride will stop.
