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I spent most of Thursday night here in the office watching Asian and European markets carefully for clues as to what today's trading conditions might hold for us when U.S. markets opened. The impact looked limited, and, in fact, the major indexes opened slightly higher as traders continue to weigh China's muted response to the president's tariffs.
So let's start there.
The president announced $60 billion in additional trade tariffs yesterday, which sent the markets into an immediate tailspin that wiped roughly $768 billion off the books. That's an asymmetrical - meaning uneven - response if I've ever seen one.
It's a situation I've seen a handful of times in my career over the past 35 years, which is why I'm communicating with everyone today.
It's very much a "good news, bad news" moment.
The bad news is that situations like this are rarely "one and done" - meaning that it's not the last time we will see such volatility.
In fact, I think volatility will become our constant travelling companion in the weeks ahead.
So here's what that means for us.
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About the Author
Keith is a seasoned market analyst and professional trader with more than 37 years of global experience. He is one of very few experts to correctly see both the dot.bomb crisis and the ongoing financial crisis coming ahead of time - and one of even fewer to help millions of investors around the world successfully navigate them both. Forbes hailed him as a "Market Visionary." He is a regular on FOX Business News and Yahoo! Finance, and his observations have been featured in Bloomberg, The Wall Street Journal, WIRED, and MarketWatch. Keith previously led The Money Map Report, Money Map's flagship newsletter, as Chief Investment Strategist, from 20007 to 2020. Keith holds a BS in management and finance from Skidmore College and an MS in international finance (with a focus on Japanese business science) from Chaminade University. He regularly travels the world in search of investment opportunities others don't yet see or understand.