Monday seems to be an advent of a bearish slid, before the ‘Market Crash of 2019’, while the U.S. equity indices have signaled first signs of blood bath; clearly visible even in a monthly chart since the U.S. President Donald Trump in an early morning tweet, said that the two South American countries “have been presiding over a massive devaluation of their currencies, which is not good for our farmers; therefore, effective immediately, I will restore the Tariffs on all Steel & Aluminum that is shipped into the U.S. from those countries.” I find that these tweets from the president, at the time when U.S. Factories Extend their Contraction look evident to create mayhem in global equity market, which have already been passing through a fear of an economic slowdown.
I find that there is no doubt that the U.S. president has long grumbled about the dollar’s strength and urged the Fed to abandon decades of precedent and act to weaken the — the U.S. government’s policy that has traditionally been guided by the Treasury Department. On the other hand, Economists say without a complete trade deal, manufacturing is unlikely to rebound much and the sector could remain under pressure, with President Donald Trump on Monday restoring tariffs on steel and aluminum imports from Brazil and Argentina. Secondly, manufacturing is also facing challenges from a domestic inventory bloat, slowing profit growth and weak overseas demand.
Finally, I conclude that the has signaled the advent of a long bearish ear amid growing uncertainty over Sino-U.S. tariff trade war, which may lead to a further downward slide of the S&P 500; where a steep slide below the 3070 during this week will confirm the advent of the next market crash.
Watch my video on “Next Market Crash” below.
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