STA Research:
The market today weaved back and forth, some indexes making substantial gains, while the Dow finished 9 points higher. The on going probability of trade war, and the EU’s assertion of retaliatory tariffs on US goods from steel, to t-shirts, to grains are causing investors to pull to the side lines, as uncertainty is now prevalent.
We received Monday’s anticipated bounce higher from last week’s fall, but we continue to expect that the markets will continue to test the recent lows.
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