Strategist warning: 8% rise in Nasdaq in 20 minutes is not much healthier than 8% fall
Mark Hackett, chief market strategist, National Investment Management Group, Philadelphia: Trump's pause on the tariffs is definitely good news because it suggests that the negotiations are in a good enough state that they think they've accomplished what they needed to accomplish through the initial dialogue. But I want to offer a very important warning because an 8% rise in the Nasdaq in 20 minutes is not much healthier than an 8% fall ...... so I'm careful not to give you a safety alert right now.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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