META has been on a tear lately, the stock has risen sharply along with many other tech stocks since the tariffs pause in mid April. The share price has briefly surpassed its all time high setting yet another milestone before retreating back in the last 3 trading sessions.
While the market are ambracing what comes 9th July when the deadline for the pause of tariffs will end, these poll backs could be traders taking profits off the table to stay on the sideline to see where the market maybe heading before jumping back in.
Now that Trump has learned that he has a nick name of TACO, he may stand a firmer ground this time round. Having said, with the biggest concern - being China, has already sort of signed some deals, guess the market May not be overly concern or reactive to what May come.
Comments