TRaders leaving the New York Stock Exchange after the closure of the bell on Monday was optimistic about what had been, by a measure, a day of mood swings to Wall Street, while waves of volatility shook the stock markets, each created by another deluge of major titles around the commercial war of Donald Trump and global economic uncertainty.
“The markets opened a lot, then there was a rumor that the prices were broken down, and they went up, then all of the bets were again and he fell,” said Steve Kos of option Circle, who offered a series of day of negotiation comparisons while he was heading for Broad Street in Lower Manhattan.
“It would be necessary to return to 2020 with Covid, when people thought that the world was going to end.
Others who left the exchange agreed that the reaction to a false report of a 90 -day break on American prices, with the exception of China, that the press secretary of the White House, Karoline Leavitt, killed as “false news”, showed how upset the markets are.
“The markets want to go higher, but they are waiting for a reason to go higher,” said a merchant who offered his name Jay, who, like many traders, said that he did not want to give his full name because he was not allowed to speak to the media.
Monday’s wilderness on Monday came after a bad reading of an interview with Kevin Hassett, director of the National Economic Council, on Fox News on Sunday. In the interview, Hassett was asked if Trump could call a “90 -day waiting period” on his prices, to which Hassett replied: “I think the president will decide what the president will decide.”
But Jay said that “everything” they saw concerned Trump’s relationship with China. The administration, he said, “was trying to put everyone on board so that they can box China. I think they say, look, we’re going to drop the prices on you, but you have to priced China.
“Everything is in terms of China. All. It is not wood or fentanyl, it is China. Greenland is 100% on China – and Russia, to some extent. Panama concerns China. It’s about slowing China. “
But, he said, no one foreshadowed that the United States sought to become an isolated and autonomous nation. “No one wants that. They just want it more just,” he said.
“Now we have 37 TN debt and he must be rehabilitated, but he (Trump) tries to do it in a shock and comes out.
“The question is what pain can take our economy and our stock market for good things to happen?” If these are one or two weeks of sale, we can stomach, but if they are months, the members of the Congress being faced with the election next year will shout … “
Market swings, said Stephen, another trader, has shown that “no one knows what’s going on. We don’t know. The swing came out of nowhere, so what was it? So the market falls from the bed
When we asked him if we are all in the hands of Donald Trump, the trader said: “You have to hope he has a game plan that he does not disclose. This is where I put my hope. In reality, it is very scary. It is a scary moment at the moment.”
Another, leaving the exchange, said that the image of a trading floor with brokers shouting and shouting to sell was very archaic. There had been anxiety on the negotiation floor, yes, but as most trading are carried out automatically, by computer: “It looks more like organized chaos.”
The trading of the day had in fact been relatively silent, the Dow Jones ending down 349 points, or less than 1%, the day, and the S&P down 12, or 0.23%.
“I think there was much more anxiety overnight in pre-commercial trade, then he moved and equaled,” said a merchant who offered his name of Gordon. Looking at the next few days, many expect continuous volatility.
But with volatility also presents an opportunity to earn money. Trump may have triggered market disorders last week with his reciprocal pricing presentation of the “Liberation Day” of Rose Garden – including the hearing islands and the McDonald’s islands in the Southern Indian Ocean, populated by Penguins – but there are trading models to find, and where there are patterns, there are opportunities.
Technical analyst, Anthony, a veteran of Wall Street since 1997, said that the volatility of negotiation was determined by Trump’s comments, which in turn triggered automated trading algorithms to move the “elastic” markets. He said the analyst said retail investors hadn’t even started to sell yet, “but it happens”.
“What is happening is that it will strike the American people, and they will keep their wallet closed in their pocket. Without a doubt, we hit a recession,” he said. But would merchants still earn money? “You are betting. You can do more on a downward market than on the market. ”
But in the end, he said, Donald Trump is not forever. “We could be under the mercy of him right now, but like the World Trade Center, the oil embargo of the 1970s, (Alan) Greenspan with the management of long -term capital – all these things happen. It’s a blow. He’s going to come and he’s going to go.
“He will try to push everything he can now, before mid -term. This will explode on his face, cause a recession, and any president who causes a recession is never re -elected – and his party either.”
