It started off well, and… Things started off nicely today with markets bouncing after yesterday’s big drop. Most sectors were trading higher (except Homebuilders, which has underperformed all session), but an announcement that Trump was going to hold a 3pm news conference to declare a National Emergency took some of the bid out. As the US waits, equities are rallying once again, with the S&P +3% from the European close. Leading that rally, Banks (+3.3% from EU cls), Transports (+3.3%) and Biotech (IBB +3.7%).
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