Niw, it is profit taking first before another plunge. The tariff deal is short live & watch the June bond maturity which is imminent to shake the whole market.
This is the short term (90 days) cut. China is aiming for zero tariff like what Japan is targeting at. End of the day, with presuures from those developed countries, US will have to come into concession to a lower tariff. The other pressing issue is the bond maturity in Jun 25, that is the moment where the world is watching how US is going to honour the repayment where the credibility is at the lowest points. Who will be buying the new issued bond.
Do not hope for the meeting to achieve any headway to the smoothen the imposed tax . China has already clearly stated its stance. US is deeply desperated as its economy is collapsing for launching this trade war.
Majority institutional investors & fund managers panic on the adverse news. Stocks are just going through a correction & rebound is just near the corner.
Yes , reputation took years to build, it is difficult to regain subscribers confidence especially the service which has great impacts that disrupt our daily life. Subscribers would look for alternative services & less reliant on one service. This will open up for stronger competition & offers for the similar services industry.
Already loaded up thousands of crowdstike shares. It will recover due to its sizeable specialised security support which consumers cannot do away with it easily, even there are competitors to compete & take up the gaps.