Dear Student,
What a weekend! And I’m not talking about the Grammys, either.
On Saturday, President Trump signed executive orders imposing tariffs on Canada (25%), Mexico (25%), and China (10%), set to take effect tomorrow (February 4). But unlike the tariffs in 2018, there are no exemptions this time.
And in case you missed it, the markets didn’t take it well:
- Ethereum (ETH) crashed 17%—losing a third of its value in just two days…
- The Dow plunged 600 points during this morning’s trading hours…
- The Nasdaq dropped 1.2%, with Apple (AAPL), NVIDIA (NVDA), and Tesla (TSLA) among the hardest hit… AND –
- Long-term bond yields declined, reflecting concerns about long-term economic growth.
Were these tariffs the only culprit behind today’s massive sell-off?
Not entirely…
Investor uncertainty was already brewing, thanks to renewed concerns over global growth, escalating trade tensions, and rising volatility in crypto. But these tariffs? They may have been the final straw.
So, what’s next? Will the dust settle again like it did last week, or is this the beginning of a much bigger move?
In today’s video, I’ll answer those critical questions—AND reveal the #1 stock on my radar in the middle of this trade war.
Click the video below—and let’s dive in.
To your trading success,
Tom Gentile
America’s Pattern Trader
