Part 2/8:
Currently, major averages are witnessing minimal dips, with declines around 1.5% or less. However, Lee points out that even small declines can reflect underlying panic among investors. Market futures were down significantly before settling, indicating that investor sentiment has been shaken by the news of tariffs. In fact, small-cap stocks decreased by four points while the Nasdaq saw over a three-point drop.
Despite this, Lee perceives a silver lining in the modest reaction. He indicates that viewing only a 1.5% decline in light of significant tariff news can be seen as a victory, suggesting that markets are finding a footing amid what might have been substantial panic over the weekend.