The GIF is relevant here because President Trump's recent announcement of the increased tariffs on Mexico, Canada, and China, and the retaliatory actions promised by Mexico and Canada are bound to cause more than a little bit of economic uncertainty (and increased prices for a lot of household items). Certainly on a short-term basis, this is not going to bode well for our markets, who understand that a sudden increase in prices is going to drive down economic activity to some degree.
(This is not to speak of long-term consequences - ideally, that our production is not going to be exported, and that neighboring countries are going to monitor their own exports more carefully to prevent incoming opioids and criminal activity... hopefully this will all happen!)
At any rate, the markets are more than likely going to react to this news tomorrow by flagrantly dropping. Naturally, for those who are not immediately dependent on their investments, lower prices = buying opportunity.
Bitcoin (and altcoins... and shitcoins) have already reacted to the news, and for those paying attention to the major headlines, this is a precursor of what's to come on the traditional markets tomorrow. This is actually quite wonderful - you can already predict the next day's moves before executing them! This is rather unprecedented in investing unless you have insider information. How lucky are those people who have funds available to invest.
I've been waiting with some market money funds inside of my investing accounts, plus anticipating a buying opportunity for Bitcoin as well. I'm not purchasing it today because I expect that activity among ETFs are going to bring down the price at least a little bit further tomorrow.
So, I hope that everyone has some liquid funds available for tomorrow's opportunity. If not, do your best to free some up! Gear up, for it's going to be a wild ride.
Posted Using INLEO
