BlockBeats News, October 14th, The Kobeissi Letter released a market analysis stating, “Over the past 10 months, a detailed analysis has been conducted on each tariff development incident, revealing the following pattern:
Step one, Trump makes ambiguous remarks, implying tariffs on specific countries or industries, leading to a market decline. Step two, Trump announces a tariff rate increase (50%+), causing a market crash and shaking out weak positions. Step three, buyers enter on dips, but a false rebound leads to a new low, prompting savvy investors to buy. Step four, after the Friday market close, President Trump doubles down on imposing new tariffs to apply pressure. Step five, on Saturday, the targets of the new tariffs usually respond or comment. Step six, on Sunday, before futures market opening, Trump announces he is working to find a solution. Step seven, futures open significantly higher at 6 PM Eastern Time on Sunday but start losing momentum after Monday’s open. Step eight, post Monday market open, Treasury Secretary Benson reassures investors in a live TV broadcast. Step nine, in the next 2-4 weeks, several members of the Trump administration will discuss reaching a trade agreement. Step ten, Trump announces a new trade agreement, leading the stock market to reach a historic high. Lastly, the cycle repeats starting from step 1.”
The Kobeissi Letter indicates that currently step nine is about to unfold.
