Over the weekend, we heard Trump administration is seemingly eager to
restart the trade war in order to punish China for the Covid-19
pandemic. With the opinion polls showing Trump losing ground in many
states which carried him over the line in 2016, Trump & the
republican campaign will not let off this angle of attack anytime soon.
Whether the threat would be carried out or not, the rhetoric will be
enough to cause havoc to global stock markets. Over the few days, we can
expect stock markets worldwide to be volatile. This new fear could be
just enough to tip the balance, causing the market to go into a
sell-off. Be careful!!
Chart 1: DJIA's weekly chart as at May 1, 2020 (Source: Stockcharts.com)
Chart 2: S&P500's weekly chart as at May 1, 2020 (Source: Stockcharts.com)
Chart 3: Nasdaq's weekly chart as at May 1, 2020 (Source: Stockcharts.com)
http://nexttrade.blogspot.com/2020/05/us-market-outlook-as-at-may-4-2020.html
