The same run of the mill factors are still playing since last month. Trump tariffs, political uncertainty, economic softness, the AI bubble running into trouble, and valuations staying overstretched. Adding to that is arguably investor rotation to Europe as well after the German spending news in the past few weeks.
At some point, US equities will be due a breather from the selling. But unless dip buyers really pull their weight, it'll be just that i.e. just a mere breather.
But all else being equal, I'm not sure what can the Fed really do given the current situation. They have to walk a fine line and not sound hawkish but at the same time, they have no conviction to deliver certainty on the timing of the next rate cut either.
The beacons are lit. But unlike in the story, Rohan might not come for Gondor's aid - at least not this time.
This article was written by Justin Low at www.forexlive.com. Read More Details
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