💼 Trump’s tariff-related news continues to impact markets.
💼 The US Federal court striking down the reciprocal tariffs is a clear message that the maverick president cannot ride roughshod over markets and economy with his questionable decisions. This court ruling is the second big blow to President Trump after the blow delivered by the bond market which forced the Trump administration to pause the tariffs for 90 days.
💼 From the market perspective, this is a positive development.
💼 Nifty is consolidating in a 500 point range within 24500 - 25000.
💼 A breakout or breakdown from this range appears difficult in the near-term.
💼 All the action is in the mid and smallcap space in response to the results.
💼 Investors should not chase mid and smallcaps without any concern for valuations.
💼 Quality mid and smallcaps have the potential to outperform.
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Posted on : 29 May 2025 9:55 AM
