A whole lot of nothing – Trump: U.S. tariffs will increase on Chinese goods

President Donald Trump retaliates back at China on Friday after the FX markets close, by increasing American levies on Chinese goods.

Frankly, it doesn’t look as bad as the market probably thought.

Guess what? Here we go again with financial media looking to milk the fear. Will not be surprised if equities recover next week.

After all, technically, U.S. equities could be oversold short-term. And it seems from Fed speakers, they are on board with more cuts, although they don’t want to commit to it.

S&P 500:

Have a great weekend everyone and see you Sunday night with levels to watch for and headlines to dissect.