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Strategist Warning: NASDAQ's 8% Surge in 20 Minutes Is Not Much Healthier Than a 8% Drop

BlockBeats News, April 10th, Mark Haefele, Chief Market Strategist at Philadelphia National Investment Management Group, said that Trump's tariff suspension is definitely good news because it indicates that the negotiations are in a good enough state and they believe that they have accomplished what they need to accomplish through the initial dialogue. But I want to issue a very important warning, because an 8% rise in the Nasdaq index in 20 minutes is not much healthier than an 8% drop... so I'm very cautious now, can't give you a safety signal. (Golden Ten)

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