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| My 2 cents and none financial advise
Gold has pushed to a all time high above $3000 for the first time ever. There is liquidity in the system and M2 is increasing but people are scared. Some of the fear is justified. Owning a business or running a corporation and not knowing how tariffs will affect you creates uncertainty. Retaliatory tariffs could kill your export market or dramatically increase production cost if imported raw materials go up.
There will be winners and losers but over all American business will break even or benefit from the tariffs over the long term even if American consumers will be hurt. Not knowing though creates analysis paralysis thus creating fear and causing a broad market sell off. Even companies that wouldn't be directly affected have sold off with tariffs fears. Some of these companies have sold off harder than companies that could be directly affected. Netflix being a example. Even more telling companies that will likely benefit from tariffs are seeing selling pressure.
No one ones when the fear will subside but its based on fear, some people sell it causes a cascade and the reality that we are seeing a broad market sell off that is many times hitting companies that will likely benefit greatly. When the fear subsides a broad market rally will happen no one can know when this will happen but the fear and greed index is in extreme fear and retail is afraid. Usually when that is the case things turn around.
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S&P 500 down 1.9%
