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Quick Tariff Take

This is a syndicated repost published with the permission of Slope of Hope. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

Since September 1 was the big day, I was half expecting some new “delay” announcement a few minutes before midnight, but no, at the moment, both sides are sticking to their guns.

Not surprisingly, the response when the ES opened on Sunday afternoon was immediate, with the ES plunging almost 30 points instantly.

But of COURSE, the good ol’ Plunge Protection Team takes no holidays, and the recovery-fest is well underway. As I’m typing this, half the loss is already gone. By the time we open on Tuesday, God knows.

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