S&P 500 faces uncertainty due to trade war and tariffs, with potential bullish turnaround
From Investing.com: 2025-04-09 10:29:00
- Markets are on edge following Trump’s new tariffs, with the S&P 500 testing critical support. Gold emerges as the only safe haven amidst the chaos.
- US-China trade negotiations spark optimism but quickly turn to pessimism as reciprocal tariffs are imposed. China retaliates with increased tariffs on US goods, causing stocks to fall further.
- Technical analysis of the S&P 500 shows potential for a bullish turnaround if major support between 4800 to 4885 holds. Factors such as Fibonacci retracement levels and trend lines come into play.
- The trade war escalates as the US and China continue their tariff dispute, impacting investor sentiment and asset prices. Lack of progress in negotiations adds uncertainty to the market.
- Rising yields in bond markets prompt investors to turn to gold as the ultimate safe haven asset. Gold prices surge amidst economic risks and market volatility.
- Global selloff deepens as Trump implements reciprocal tariffs, causing a rush out of stocks and bonds. Yields on Treasuries hit a 100-year high, impacting global economies and FX markets.
Read more at Investing.com: S&P 500 Faces Major Test as Trade War and Tariffs Fuel Market Wobble