When do you buy the tariff dip in US stocks? When Trump tells you

S&P 500 futures are down 1.5% shortly before the open while Nasdaq futures are down 1.8% as Apple falls 3.5% on Trump tariff threats on iPhones.

It’s a long weekend in the US so trade could taper off into the weekend but a big question will be: When to buy the dip? The lesson of the China trade war round is that Trump doesn’t have the appetite to really hurt the stock market, so the trade is to buy the dip. The question is: when?

That’s a much tougher one to answer. We’re at the end of another week and there haven’t been any trade deals this week, despite Hassett saying they were coming again. The July 9 deadline for tariffs is fast approaching.

For me, there is no edge in guessing at the timing of when to buy. At best, you can buy it when Trump tells you to.

This article was written by Adam Button at www.forexlive.com.