Strategist warning: 8% rise in Nasdaq in 20 minutes is not much healthier than 8% fall
Mark Hackett, chief market strategist, National Investment Management Group, Philadelphia: Trump's suspension of the tariffs is definitely good news because it suggests that the negotiations are in a good enough state that they think that they've accomplished what they needed to accomplish through the initial dialogue. But I want to offer a very important warning because an 8% rise in the Nasdaq in 20 minutes is not much healthier than an 8% fall ...... so I'm careful not to give you a safety alert right now.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tether suspends bitcoin mining in Uruguay due to rising energy costs, laying off 30 local employees
WLFI: BNB Ecosystem USD1 Zero-Fee Promotion Extended Until December 31
Bitwise BSOL Solana ETF increased its holdings by 93,167 SOL in the past hour
CoinMarketCap launches MACD dashboard, supporting comparison of momentum indicators for multiple cryptocurrencies