Some general short-term (a few weeks) predictions:
* Trump will slowly agree to a trade deal with individual countries about once per week. Each time, this will send the market up about 1%.
* Earnings will continue to pour in. They will generally be positive. It will drive the market up slightly, but will quickly be held down due to the general sentiment from tariffs.
* The first ships with the new tariffs have finally entered port this week. Big companies have about 6-8 weeks of inventory they can dip into. Smaller do not but they are being pressured by Amazon to keep prices down. Prices will start to creep up by mid-May.
Any other major factors that may drive prices up? I'm trying to figure out when the local top to this market will be so I can close out long positions. I am anticipating it to be about May 20th.
Also, I'm looking for someone to bounce ideas off of. Let me know if you're interested.