Trading when you believe you have an edge is when it is time to step in. If you are there, then go for it. But trading merely because things are moving around is a day-trading concept, not an investment thesis.
After the carnage in Japanese, Chinese stocks overnight, US equity futures are staging their standard pre-open bounce this morning along with offshore yuan (which has nearly erased all post-tariff losses) following China's intervention to save its stock market.
"We took a walk in New York two weeks ago from 59th street to 79th on Madison Avenue, and we lost count of how many empty storefronts there were in Manhattan. It reminded me of the cataclysmic financial crisis in 2008."
In perhaps the most Orwellian statement of the day, the head of South Africa’s radical Marxist opposition party - who declared his party was "cutting the throat of whiteness" - called Australia a "racist country" for offering fleeing white farmers a refuge.
"The demonization of conservative principles such as limited government becomes much easier when globalists can attach them to an international catastrophe such as a financial collapse... And, since Trump has been set up as the strawman for conservative ideals, attaching catastrophe to Trump also vicariously attaches catastrophe to the rest of us."
“Facebook has too much power over America’s communications infrastructure. And Facebook’s failure to manage that power responsibly ... is a direct threat to American democracy, and the government must act now..."
After unleashing the first shots in the global trade war, and facing some retaliation from China tonight, President Trump has decided to exclude multiple nations (and The EU) from steel and aluminum tariffs through May 1st.