$NET 24 hours down 6.33%, quoted at 286.63. Looking at the order book, this is digesting the downside expectations from the Trump administration’s tariff policy.
My view is very direct: the first thing Trump’s tariff hammer hits is global supply-chain deep participants like the tech companies behind
$NET . An article in health economics pointed out that one of the core logics behind the selloff in tech stocks is that tariffs seriously disrupt the supply chains of giants such as Apple and Nvidia. As a related underlying,
$NET ’s decline reflects capital pricing in higher costs in advance and supply-chain disruptions.
But there’s a contradiction here. A Bloomberg report shows that the more Trump pressures Canada, the more money flows into Canada’s stock market for “safe-haven” positioning. This suggests the market is voting with its feet, conducting a regional rebalancing. For US tech stocks (including
$NET ), what they face is dual pressure: rising costs and outflows of capital. Currently the funding rate is zero, open interest is 904.98—this level of positioning isn’t high, indicating neither bulls nor bears are making extreme bets, and the market is in a passive waiting state.
The strongest counterargument is that Trump’s policies being volatile is the norm. If, for example, he releases a calming signal at a crypto summit or in other settings, tech stocks could rebound instantly.
Trading tag:
#TradFi #链上美股 #NET
Where do you think this set of judgments is most likely to be wrong?