President Trump's meeting with Xi this weekend
- Thread starter John9999
- Start date
China had no intention of making a deal, and they got what they wanted in delaying any new tariffs or increases of existing tariffs. It is just stall and delay while hoping the tariffs increase prices to US consumers enough to effect our economy so Trump will blink. Trump is getting to close to the point where his tweets on this subject will have no impact if something does not happen in this 90 day period. It's all manipulation so manage your risk and trade on.
Not going to last long.....it's a great opportunity for those who didnt get out at 26000+ to get out now and wait for the next pull back!
And as I said they did exactly what the markets wanted to hear...they didn't want an end of year meltdown so this news will prop it up for a few more weeks but don't fall for the rally. Back down the markets will go when talk of more tariffs come into play....so now rest assured that Monday morning the market will gap up 2%+ if you went long a couple of weeks please start selling your gains because markets are coming right back down!!
US will hold off on raising China tariffs to 25% as Trump and Xi agree to a 90-day trade truce
Published 2 Hours AgoUpdated 50 Mins Ago
https://www.cnbc.com/2018/12/01/us-china-wont-impose-additional-tariffs-after-january-1-report.html
US will hold off on raising China tariffs to 25% as Trump and Xi agree to a 90-day trade truce
- Xi Jinping and Donald Trump discussed a range of issues — among them the trade dispute that has left over $200 billion worth of goods hanging in the balance.
- "President Trump has agreed that on January 1, 2019, he will leave the tariffs on $200 billion worth of product at the 10 percent rate, and not raise it to 25 percent at this time," the White House said.
Published 2 Hours AgoUpdated 50 Mins Ago
https://www.cnbc.com/2018/12/01/us-china-wont-impose-additional-tariffs-after-january-1-report.html
https://www.cnbc.com/2018/12/01/us-china-wont-impose-additional-tariffs-after-january-1-report.html
I actually think this is a negative. It is just a 90 day postponement that will continue to hang over the market. It is not good news or bad news. Market just wanted a conclusion and it did not get one .
I can just as easily see it big drop on Monday as a big gain. Most likely outcome will be volatility at open. No discussion on intellectual property theft will be a big key that the news will point out and that will be a big worry.
Everyone else thoughts on Monday open?
I actually think this is a negative. It is just a 90 day postponement that will continue to hang over the market. It is not good news or bad news. Market just wanted a conclusion and it did not get one .
I can just as easily see it big drop on Monday as a big gain. Most likely outcome will be volatility at open. No discussion on intellectual property theft will be a big key that the news will point out and that will be a big worry.
Everyone else thoughts on Monday open?
Still a big move to the upside Monday morning....I hope no one is a fool to buy into the rally, those bets should have been made days ago.
Yes only 90 days but that will give the market some kind of clarity that it wants hence the big move coming Monday....after that it's back down. Sell your gains Monday!!
Not so sure of a gain on Monday. If this was announced late Sunday night, I would be more inclined to see a gain, but with a Saturday announcement, lots of time to digest, banks puting out reports on Sunday that may not be so rosey. Who knows, but I don't believe it is a sure thing of a Monday rise.
I think the early move will be positive into Sunday night. We'll see what Asia does overnight. As for Monday...who knows.
It's positive because it's buying time...and the two sides are reportedly talking about a deal...and China is allegedly buying a bunch more stuff from us.
At the end of the day, it's just kicking the can down the road. Even when a deal is done, you need to see the fine print to know the real impact.
It's positive because it's buying time...and the two sides are reportedly talking about a deal...and China is allegedly buying a bunch more stuff from us.
At the end of the day, it's just kicking the can down the road. Even when a deal is done, you need to see the fine print to know the real impact.
Well you could be right . Possibility that there is no skyrocketing rise into Mondays open but if there is it will be interesting to see if it holds ...this is definitely news the markets wanted, maybe it's aa sel on the news type of situation....
It's 90 days; far from perfect but why expect the rally to last just one day?