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Oct 10 The downturn was baked in and expect more dip in the markets

Oct 10 The downturn was baked in and expect more dip in the markets

$LEVI $APLD $CAVA

Mukund Mohan
October 10, 2025

Market

“The latest news from the China-US trade spat is that the president will impose large tariffs over the rare earths ban from China. Which led to stocks taking a beating” 😊 😋

Good move to end the week neutral for the indices

While I have been warning of profit taking over the last 2-3 weeks, this is nothing new. I can see a scenario where the indices go down 10% or so over the next few days / week only for the dip to get bought. I would wait for a reversal to buy again.

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