The market has had plenty of time to prepare for today’s tariffs.
Yet somehow, now that they’ve officially gone into effect, tech stocks are panicking like it’s breaking news.
We’ve known for weeks that 10-15% tariffs on China would be hitting today. But instead of pricing it in ahead of time, the market is throwing a fit after the fact.
That’s just how things work sometimes — traders look for an excuse to move, and when the headlines align, they pounce.
The big question is: Is this just a knee-jerk reaction, or are we looking at the start of an even deeper correction?
Tech has led the charge in this market, and when it stumbles, the rest of the market tends to take notice.
Gold & The Fort Knox Connection
Meanwhile, something strange is happening in the gold market.
Since Trump and Musk’s recent visit to Fort Knox, we’ve seen a massive inflow of gold bullion into major banks over the past month.
And yet, gold futures don’t seem to care.
Despite this influx of physical gold, futures prices have remained mostly steady — holding up, but not making any major moves higher.
That raises some interesting questions:
- Why is gold being shifted around in bulk now?
- If big banks are accumulating, do they know something we don’t?
- Will futures catch up to the physical market inflows?
One thing is for sure — gold is staying resilient in the face of rising market uncertainty. And with tech stocks shaking and tariffs rattling investors, it may not take much to spark a fresh rally in metals.
I’ll be watching closely to see if the market’s reaction is just noise or the start of something bigger.
Stay sharp,
—Geof Smith
P.S. On his free Mapping the Market editorial session, Nate Tucci covered his go-to strategy for this market… the #1 stock on his radar… and his game plan for this week… Don’t miss out on this super educational session: Click here to watch now!
