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An excellent summary of the factors at work in the equity market from Zero Hedge.
“Headline fatigue is hammering markets,” according to one well-positioned trader who noted that US equities traded definitively lower today despite Trump delaying tariffs on Mexico and Canada today (an incremental positive for sure)…
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This is the market’s worst three-week spell since Sept 2022.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.