With tariffs set to go into effect on Canada and Mexico, stocks are down again following Monday’s brutal sell-off.
We’re also in the middle of a big week for retail earnings, and the CEO of Best Buy warned this morning that price increases are “highly likely” once the tariffs go into effect at midnight.
Part of the problem with tariffs right now is that the market is so weak, and this is making it worse, so the president is not negotiating from a position of strength here.
Chips stocks have also been impacted, and I wouldn’t go long on semiconductors after what we saw Monday.
Bitcoin had a massive rally into Monday before falling off a cliff right back to where it was — right along with mega-cap tech stocks…
Because that’s basically what it is now.
One thing I like right now? Gold…
I’ll cover all that, my daily hitlist of longs and shorts and more in this morning’s “Premarket Must Watch” video!
Roger Scott
Roger Scott Trading
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P.S. The ‘Win Both Ways’ Trade Just Triggered on 3 Under-the-Radar Stocks
Join me today at 1 p.m. ET today, March 4, to see my plan for targeting some sweet gains on them — plus how you can do it, too!
