We continue to see the markets rocked by the “trade war” with China. The media will always breathlessly have people thinking that the sky is falling. They use words like trade war to describe what is really just negotiation. Bottom line is don’t be fooled by the noise. The markets are simply consolidating recent gains before the next move higher.
The market should always be approached with caution, but the trend is your friend and right now the trend is obviously higher so we want to look at these dips as buying opportunities, not time to panic. Also the recent moves in Bitcoin should not be ignored. The fact that when the stock market stumbled, money ran to crypto as a safe haven, much like gold or bonds, means that crypto is establishing itself as an asset that can be used to offset stock market risk.
Also the fact that it is now maintaining these gains even after the market has stabilized bodes well for the future of Bitcoin. So keep at least one eye on bitcoin if you haven’t been already.