The trade war is on as the Trump Administration has implemented a 25% tariff on $200 billion of Chinese goods. China has responded with a 25% tariff on the import of $60 billion of U.S. goods. The Trump Administration is preparing for the next set of tariffs, which should come later this week. Supporting the … Read more
The Trump Administration increased the tariffs on $200 billion of Chinese goods from 10% to 25% at midnight. The initial reaction from the stock market was very benign as investors remained hopeful that today’s meeting would result in a cancellation of the increased tariffs. While the tariffs are now in effect, they will not apply … Read more
Unless something changes between now and midnight, the Trump Administration is set to increase the existing tariffs on China from 10% to 25%. Source in China have confirmed the odds of a trade deal at this point are zero. In addition, the FCC has barred China Mobile from providing telecom services in the United States … Read more
Stocks fell in overnight trading but were rescued by a tweet from President Trump stating China is coming tomorrow to make a trade deal. His tweet contradicts the major news outlets which are reporting that China is unwilling to meet our terms and also contradicts the Trump Administration, which began the official process for raising … Read more
After markets closed yesterday, the Trump Administration confirmed there would be an increase in tariffs on Friday after investors shrugged Sunday’s tweet by President Trump as a negotiating tactic. It is an interesting tactic to slam Asian stock markets by threats of further tariffs after U.S. markets are closed. Equities headed lower in early trading … Read more
On Sunday, President Trump tweeted that due to stalling trade negotiations, which for the past several months he and his administration claimed were close to completion, that the current 10% tariffs will increase to 25% on Friday. He also tweeted that $325 billion Chinese goods remain untaxed, but will “shortly” be tariffed at a rate … Read more
Stocks moved higher in early trading on the back of a steller payroll report from April. Given investors think inflation is a function of how many people are employed, Treasury yields should be bursting back through their all-time highs, but they aren’t. Ten-year Treasury yields rose to their 50-day moving average and were once again … Read more
Global equity markets are trying to interpret the Fed’s position, as investors were hoping the Fed would lower interest rates. Even though consumer prices are falling again, the Fed is holding their path. With earnings season mostly behind us, as well as the corporate share buyback blackout period, the only hope investors now have is … Read more
Watch the Treasury bond market, as it is signaling for a massive reversal in stock prices. Stock prices were higher in early trading as investors loved Apple’s earnings report, despite it showing Earnings-Per Share are down -16% on an annualized basis and revenues were down -5% on an annualized basis. What investors love is Apple’s … Read more
Stocks started the day lower on reports that China’s manufacturing sector is slowing down again after investors jumped at the rebound in China’s manufacturing sector for March. It seems as if the large credit injection by the Chinese government has fizzled. Treasury yields followed stocks lower and while stock prices rose after the bad economic … Read more