Contrary to what has be touted in the last 10 years, not every dip is a buying opportunity. Do NOT fall for this concept, especially in today's geopolitically tense landscape.
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With the latest round of China-USA escalation where now the "talk and bluster" has inevitably turned from a trade-spat into an utmost full-blown trade war, Apple will get decimated over the next 4 months with its stock plummeting to December 2018 lows at the least. Rumors have now surfaced today (Sunday) that China will further escalate the trade war even further since Trump's retaliation from Friday's Tweets.
Apple is not the only tech company that will get blasted - Micron and Nvidea are two other giants that will get hit tremendously.
In-between the downtrend there will be some bounces from perhaps fake news of trade neutrality, rate cuts from ECB/Fed and so forth. However, I certainly do not advise anyone to be "long" in any tech player.
Play smart. Play safe. For the next while SQQQ is a strong option to short the tech sector during this trade war.
- zSplit
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With the latest round of China-USA escalation where now the "talk and bluster" has inevitably turned from a trade-spat into an utmost full-blown trade war, Apple will get decimated over the next 4 months with its stock plummeting to December 2018 lows at the least. Rumors have now surfaced today (Sunday) that China will further escalate the trade war even further since Trump's retaliation from Friday's Tweets.
Apple is not the only tech company that will get blasted - Micron and Nvidea are two other giants that will get hit tremendously.
In-between the downtrend there will be some bounces from perhaps fake news of trade neutrality, rate cuts from ECB/Fed and so forth. However, I certainly do not advise anyone to be "long" in any tech player.
Play smart. Play safe. For the next while SQQQ is a strong option to short the tech sector during this trade war.
- zSplit
