On April 10, Mark Hackett, Chief Market Strategist at Nationwide Investment Management Group in Philadelphia, stated that Trump’s suspension of tariffs is definitely good news, as it indicates that negotiations are in a sufficiently good state, and they believe they have completed the tasks they needed to through the initial dialogue. But I want to raise a very important warning, because the Nasdaq index rising 8% in 20 minutes is not much healthier than falling 8%… so I am being very cautious right now and cannot give you a safety alert. ( Jin10 )
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Strategist warns: A 8% rise in the Nasdaq in 20 minutes is not much healthier than an 8% fall.
On April 10, Mark Hackett, Chief Market Strategist at Nationwide Investment Management Group in Philadelphia, stated that Trump’s suspension of tariffs is definitely good news, as it indicates that negotiations are in a sufficiently good state, and they believe they have completed the tasks they needed to through the initial dialogue. But I want to raise a very important warning, because the Nasdaq index rising 8% in 20 minutes is not much healthier than falling 8%… so I am being very cautious right now and cannot give you a safety alert. ( Jin10 )