Seems like a huge risk holding any bullish positions going into tomorrow. The risk of escalation with China if a deal is not met before midnight seems high. I won’t be shocked to see a pretty good sell off into close as people de-risk
I’ll be blunt:
The market won’t rise in a sustainable fashion while the US has 103% tariffs on China.
A true trade war between the world’s two largest economies is one of the worst possible scenarios for markets.
"White House Press Secretary says 104% additional tariffs went into effect at noon eastern time because China has not removed it's retaliation. The 104% additional tariff will be collected starting tomorrow April 9th" White House Correspondent for
FOXBusiness