I would not go long on volatility. The extended deadline is less than a month which is hardly long. I think trump just make the tariffs high to force the countries to negotiate with him on his terms to get what he wants. However, when the negotiation does not go in the way he wants, he TACO- trump always chicken out. His aim is not for recession but a more favourable trade for the US.
I wouldn’t buy put Tesla because we will never know how long musk will be distracted with the political party that he wants to form, managing it as well as his grudge with trump. Also, Tesla has recently had disappointing sales in many markets and with the intense competition with other companies, I don’t see Tesla performing.
I would prefer to continue to invest in ETFs and consider swing trading with this volatility. For ETFs and companies that are fundamentally sound, I would buy the dip. Afterall, when taco happens, the stock will rise again.
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