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Expect a further 10% market fall, if 2018 is a guide
US markets dipped overnight, rattled by quickly changing tariff policies. Stocks that have dropped significantly, such as Tesla, rallied up, but could be a 'bear trap', with lower lows yet to come when tariffs hit. Specific steel and aluminium tariffs will impact Australian stocks, such as Sims and Rio Tinto. Consumer stocks such as Netflix, McDonald's show resilience and continue to rise. Stocks mentioned: Applovin, Tesla, Strategy, BlueScope Steel, BHP, Rio Tinto, Fortescue Metals, Sims, Netflix, McDonald's
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By Moomoo Australia & New ZealandUS markets dipped overnight, rattled by quickly changing tariff policies. Stocks that have dropped significantly, such as Tesla, rallied up, but could be a 'bear trap', with lower lows yet to come when tariffs hit. Specific steel and aluminium tariffs will impact Australian stocks, such as Sims and Rio Tinto. Consumer stocks such as Netflix, McDonald's show resilience and continue to rise. Stocks mentioned: Applovin, Tesla, Strategy, BlueScope Steel, BHP, Rio Tinto, Fortescue Metals, Sims, Netflix, McDonald's