The Pressure Eases for U.S. Stocks, But Be Careful…
By Gianni Di Poce
The bulls took out some key technical lows today, and, as of this writing, shorts are getting squeezed in a lot of places. Crypto has been very volatile over the past few days, even after Trump's announcement of a "strategic crypto reserve" consisting of a few select tokens.
At the same time, the greenback is selling off. Does this mean all the market's problems are solved? No… but I'd be lying if I told you the dollar selloff is bearish for stocks.
Nevertheless, the best opportunities are still abroad in, you guessed it, China - a key focus of ours for weeks now. The outperformance there is impossible - negligent, at this point - to ignore.
Still, there's plenty of headline risk heading into this evening, so it's important to stay nimble and keep cash levels healthy.
Here's how we're preparing…
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