It is getting more and more obvious that Trump's Government have used trade war as a leverage to propel markets to ATH or higher (SPX) to this point. However, it looks like "all masks will come off at midnight" i.e. Sunday before futures open to reveal that it all was a big disguise. Trump's approval ratings going into election year are at record low. One thing that boosts popularity is a nation's solidarity in the time of war (trade or real or both).
Huawei was reportedly collaborating with Chinese army on R&D projects. Dead end for 5G in US. Trump will never lift its ban.
Two crucial trading days left. There will be a lot of news from Government officials about upcoming deal with Xi, but you know that that is method that they use "pump before dump". Watch out...
Tariffs, that is the only source of funds that can offset evergrowing US debt in Trumps opinion, not by much but to cap it somehow. If not Monday, but soon enough we will see additional tariffs in place on majority of Chinese goods. That will tank the whole market, but Trump will have a secret weapon to unveil at the time when everybody think that recession is at the door step - they will sell billions of Dollars to make it much more competitive among other currencies. That in itself will temporary boost the market.
For now, Monday the July 1st is our climax point. We shall see...
Good luck to all of you.
Huawei was reportedly collaborating with Chinese army on R&D projects. Dead end for 5G in US. Trump will never lift its ban.
Two crucial trading days left. There will be a lot of news from Government officials about upcoming deal with Xi, but you know that that is method that they use "pump before dump". Watch out...
Tariffs, that is the only source of funds that can offset evergrowing US debt in Trumps opinion, not by much but to cap it somehow. If not Monday, but soon enough we will see additional tariffs in place on majority of Chinese goods. That will tank the whole market, but Trump will have a secret weapon to unveil at the time when everybody think that recession is at the door step - they will sell billions of Dollars to make it much more competitive among other currencies. That in itself will temporary boost the market.
For now, Monday the July 1st is our climax point. We shall see...
Good luck to all of you.