STOCK MARKET IGNORING TARIFF PULL FORWARD BUT PRUDENT INVESTORS SHOULD NOT
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Tariff Pull Forward
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- The chart shows that the stock market previously touched the low band of support zone 3 on April 7.
- The chart shows that the stock market quickly rebounded to the low band of resistance zone 2.
- The chart shows that after the first quick rebound, the stock market pulled back to support zone 2 and then started rallying again.
April 29, 2025