Hi, today we are going to talk about SPY and its current landscape.
U.S House lawmakers yesterday passed the "Hong Kong Human Rights and Democracy Act," poking a wasp nest in China that might unleash retaliation against the U.S, possibly throwing more cold water in the "Phase One" trade deal settle last week. Pro-democracy protestors have seen the act its in Hong Kong as support from the U.S to the rally which triggered a new one in HK yesterday, one of the measures passed by the House, would require a periodically report from U.S authorities about the level of autonomy of Hong Kong in order to keep its special treatment as a trading and financial center. China, in response, firmly stated against the bill and warned that it would take as interference in its internal affairs, that it goes any further would trigger countermeasures actively against the U.S.
However, until this event develops itself the market, it's poised to keep the focus on the earning season that is still rolling out and is set to keep pushing the market upwards as expectations for companies' profits were already lowered due to the impact of the tariffs expected on the market. Although it's worthy to pay attention to how the Hong Kong events will develop and affect the trade war.
Thank you for reading and leave your comments if you like.
Join the Traders Heaven today for more exclusive content!
Link bellow!
Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should use it as financial advice
U.S House lawmakers yesterday passed the "Hong Kong Human Rights and Democracy Act," poking a wasp nest in China that might unleash retaliation against the U.S, possibly throwing more cold water in the "Phase One" trade deal settle last week. Pro-democracy protestors have seen the act its in Hong Kong as support from the U.S to the rally which triggered a new one in HK yesterday, one of the measures passed by the House, would require a periodically report from U.S authorities about the level of autonomy of Hong Kong in order to keep its special treatment as a trading and financial center. China, in response, firmly stated against the bill and warned that it would take as interference in its internal affairs, that it goes any further would trigger countermeasures actively against the U.S.
However, until this event develops itself the market, it's poised to keep the focus on the earning season that is still rolling out and is set to keep pushing the market upwards as expectations for companies' profits were already lowered due to the impact of the tariffs expected on the market. Although it's worthy to pay attention to how the Hong Kong events will develop and affect the trade war.
Thank you for reading and leave your comments if you like.
Join the Traders Heaven today for more exclusive content!
Link bellow!
Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should use it as financial advice