The selling seems to have paused for now across stock markets, says Chris Beauchamp, Chief Market Analyst at online trading platform IG.
Stocks hold up despite China retaliation
The selling in global equities appears to have exhausted itself for the time being. News that China had responded with retaliatory tariffs of its own failed to stir much of a reaction beyond about 30 minutes of trading, a sign perhaps that for the moment markets have found a low. This might just be simple fatigue from all the headlines; it certainly doesn’t appear to be a surge in bullish sentiment.
Where do we go from here?
According to the US president, this is a ‘great time’ to buy, but the proof of the pudding is in the eating. Volatility is a given from here, but the lessons of 2008 shouldn’t be forgotten. Even the most savage bear markets can see extended rallies, and until we see some hard data on the impact of tariffs it will be impossible to say that the low is in.
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