Complacency is bad news for markets!
Trade war escalates. Complacency from President and FED policymakers about the strength of the U.S. economy and its ability to withstand a China trade war set for a brutal fourth quarter of 2018. The bad news is that complacency is once again running high. Trump is tightening the screws on China. He thinks the U.S. […]
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China Trade war escalates!
Trade war escalates. Yearlong discussions on trade issues with China bear no fruit. Negotiations continue but on Friday President Trump increased tariffs on Chinese goods from 10% to 25% and plans on adding more goods for tariffs. Chinese have promised to retaliate. Chinese have backed off from initial agreements on IP protections. US feels, with […]
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Strong Job report puts the market in high gear!
Small caps overcame major resistance level on strong job report and lowest unemployment rate since 1969. Nasdaq closed on NH. Midweek NASDAQ and S&P got support at 21DMA and Friday’s economic reports put the sizzle into small-cap index Russell 2000. Overnight markets were off over 2% on President Trump’s remarks on increasing tariffs on Chinese […]
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