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Post: Today, Trump announced a new tariff. He raised the steel tariff from 25% to 50%. Although this is wonderful for the steel industry in the United States, this is horrible for the car industries, also for any other industry in the United States that uses steel. I expect the car makers stock to go down on Monday. Also, the general indexes will probably go down as they factor in the car industries into their indexes. So, prepare for SP500 to go down. And probably the QQQ. We will see. I dont know if it will be enough to bring us a black Monday, but you never know. Get into your short hedges now if you want to guard against a pull down.
2025-05-31

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