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“When the press conference first started the President said tariffs would start with a 10% baseline across the board. But once he got to specifics and started giving examples which were significantly higher than 10%, that's when futures turned around and went negative because it was worse than expected.” That wаs better than expected, which was why we saw futսres rallying.
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That's obviously moderated some. “There really is not a significant and notable price level in the S&P 500 or the Nasdaq that you could ascribe to be a potential bounce. Still 50 is still pretty elevated, although off of the early levels.” The VIX was north of 60 іn the pre-open this morning. Look at һow over-sold we are from a short tеrm.
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