As promised President Trump levied tariffs on Canada and Mexico on February 1. The stock market started getting concerned on January 31 and the S&P 500 fell from 6121 to a low just after the market opened on February 3 of 5924. On Monday February 3 Canada and Mexico offered concessions that would target the flow of fentanyl into the US, which brought a reprieve of 30 days for further discussions. As far as Wall Street was concerned the ‘Trade War’ was over. When the DJIA crossed above 20,000, 30,000, and 40,000, investors were able to buy caps marking the milestones. On Tuesday...
