26.02.25 - Speculators caught on the wrong foot

After the four days loosing streak markets seemed to rebound today. What worked for European equities, only worked in the first half of today’s trading session for US markets.

Markets: European indices up more than 1%, US stocks with intraday reversal after a 1% gain. Cryptos with big losses.

My View: Already yesterday, on quite a number of channels I could read or hear about the advice to buy the dip. Why not, as this worked out very well so far each time in the past with a similar market and sentiment situation, at least on first sight.
I already mentioned yesterday, that this time could be different. The reason, why I did not take the risk to add new exposure. Uncertainties remain and the topic of tariffs comes back on the agenda, at latest by end of the month.

Let's first see what Nvidia earnings release will bring tonight. I expect the news will have quite a market impact on a short-term basis.

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