The market went into the weekend with considerable optimism about progress between China and the USA but what unfolded was:
A dropping of tariffs on everyone regarding electronicsA White House reminder that 20% fentanyl tariffs remained on Chinese electronicsLutnick saying that electronics (and other) tariffs were still coming soonTrump confirming what Lutnick saidIt was all so chaotic and at the end of it, I'm left thinking that the electronics tariffs that result of Section 232 will be more lasting and less of a negotiating tool.
Initially, we saw a spike in the Nasdaq at the open but it's slowly faded and is now trading flat.
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