The heat map is showing a lot of blue on Wednesday highlighting the indecision in the markets because of the possibilities of a full blown trade war. The late US announcement that the POTUS will shortly release a list of goods affected by tariffs, amounting to $200 bio, will ensure that traders remain nervous.
Overall the table suggests that a fairly cautious stance is required, but I still prefer o look for levels to buy dollars.
Stocks still look healthy in the medium term, although they have taken a dip late in the day, on the tariffs headline.
No trade ideas today, wait to see the outcome of the latest tariffs stories….