WAITING FOR TRUMP	05.07.25

WAITING FOR TRUMP 05.07.25

By CKN Staff

July 7, 2025

Market starts off soft and is seen hesitating. No shakeout so far and so we can only conclude that the market is waiting for some news. Tariff matter is on 9th but there is some expectations that there may be a sidedeal before that. Trump is making noises but hardly anyone has signed on for the new deals. Is the market not taking him seriously? From prices, it would appear so. US markets hit new highs, we seem to be coasting towards it and the rest of the world is also sanguine about it. Clearly, the markets know more than us at the moment.
But for the day, the breadth is leaning negative and that means we go slow on the new longs and protect existing ones. If any longs are not performing then it is best that one books loss in them. FMCG is the only sector performing a bit. Defense stocks are in a mood to react. So, a bit mixed.
Stock specific day seems to be looming.

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