10/13/2025
By Charles Payne, CEO & Principal Analyst

The market was moving sideways at a very pedestrian pace when President Trump reacted to provocative measures from President Xi of China, causing the S&P 500 (SPX) to drop 2.4%. But there’s more.

Market Action in Review

The most curious action in the market, until Friday, was the breakdown in crude oil, which continued its mysterious decline. OPEC is pumping more oil after being asked by President Trump. Still, we always have to consider the global economic circumstances and their impact on demand. Bonds were also intriguing, edging higher as yields moved lower.

Tariff and trade war headlines trigger algorithmic selling and profit-taking.

To read the full report, contact your account representative or email Info@wstreet.com.

Charles Payne
Wall Street Strategies

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