By- Mr. Vikram Kasat, Head – Advisory, PL Capital.
“Delaying tariffs continues to be a winning market strategy Nasdaq rose 2.5% to open the week, while S&P 500 snapped a four-day losing streak to close up 2.0%. Here are some big US events to watch that could send markets into a tailspin
July 4: Trump has urged Republicans to deliver the massive tax and spending bill to his desk before the Fourth of July. Trump is no doubt hoping markets will rally on the prospect of major tax cuts, much the way they did following his 2016 election
July 9 The temporary, 90-day pause on implementing the so-called reciprocal tariffs is set to expire on July 9. Markets are hoping Trump has learned his lesson on tariffs. But there is no guarantee. The temporary deal with China that reduced tariffs for 90 days expires Aug. 12.
July 30: The Federal Reserve may have some impact on markets as well. The Fed will meet twice on June 17-18 and July 29-30 While most Fed watchers expect the central bank to keep interest rates steady at the June policy meeting, the outlook for July is more uncertain.
Nifty 24826.20 Recent Low of 24462 (Reversal Level) should not break.”