The bond market was breaking down last night, so Trump capitulated today and called a 90 day pause on all tariffs except China which he threw 124% tariffs on.
Within 10 minutes of the announcement the NASDAQ ticked up 10% then backed down and started to stabilize.
The percent gain today is very high, so I though we need to add a chart for perspective. First, the TSP C fund as represented by the SP500 index mid-day.
And as for the TSP S fund… a bigger gain but a weaker chart so far.
Subscribers are asking if it is a “bottom”. It was a bottom to the plunge, but is it a bottom, bottom?
Invest safe, invest smart, keep perspective.
Michael Bond
Categories: Perspectives